A company has two active lawsuits at the end of the year. In Lawsuit 1, the company feels it is probable that it will win $10,000. In Lawsuit 2, the company feels that it is probable that it will lose $6,000. At the end of the year, the company should report a:
Select one:
A.
Gain for $10,000.
B.
Loss for $6,000.
C.
Net gain for $4,000.
D.
Net Loss for $4,000.