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Estimated liability definition

June 21, 2025   Azhar Iqbal   No Comments

They may challenge the assumptions and methodologies used by the company, leading to adjustments and, at times, restatements of financial statements. For instance, a company facing a class-action lawsuit might initially estimate the liability based on the number of claimants and the average settlement in similar cases. However, as the case progresses, new developments such

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