USA Legal Fees - expensed


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Dec 6, 2019
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Hello,

Situation:

I am booking some accruals for my company. My company is paying a Law Firm to handle lawsuit settlements. They want to book the charges to insurance Liability vs. Legal Expense.

Is that right? I feel like the actual service is the legal service for the invoice paid to the law firm,. but I can see how this is related to liability on a settlement too.

Thoughts?

Thank you so much in advance.
 
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