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The accounting treatment for a lawsuit depends on: (Select all that apply.) Check All That Apply the ability to estimate the amount of payment the ability to estimate the amount of payment the amount of time until the lawsuit is settled the amount of time until the lawsuit is settled the likelihood of payment the likelihood of payment the type of contingency the type of contingency

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ayfat23

It should be noted that accounting treatment for a lawsuit depends on:

  • the ability to estimate the amount of payment.
  • the likelihood of payment.

What is lawsuit?

A lawsuit can be regarded as a proceeding where by  parties are against each other in the civil court of law.

Therefore, in accounting treatment for a lawsuit, there should be ability to estimate the amount of payment.

Learn more about lawsuit at:

https://brainly.com/question/1024244

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