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QUESTION
"Sea green has just lost a product liability suit with damages of $7 million being awarded to the plaintiff.
Assets: Net Value $775,000 Fair Market Value $975,000. Liabilities: Net Book Value $250,000 Fair Market Value $250,000
$product liability suit with damagesLess : savings from Insurance 70000003000000 Liabiltity 4000000 Company Assets and LiabilitiesAssets ( Fair market value) 975000 Liabilities ( Fair market...