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ST At December 31, 2020, Pronghorn Inc. is involved in a lawsuit. prepare the December...

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Accounting

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ST At December 31, 2020, Pronghorn Inc. is involved in a lawsuit. prepare the December 31 entry assuming it is probable (and very likely) that Pronghorn will be liable for $690.000 as a result of this suit. prepare the December 31 entry, if any, assuming it is probable (although not likely) that Pronghorn will be liable for a payment as a result of this suit. Prepare the December 31, entry assuming it is probable (and very likely) that Pronghorn will be liable for $690,000 as a result of this suit. Assume that Pronghorn follows ASPE Prepare the December 31 entry, if any, assuming it is probable (although not likely that Pronghorn will be liable for $690,000 as a result of this suit. Assume that Pronghorn follows ASPE

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