Asolo Construction Co carries $10,000,000 comprehensive public liability insurance with a $200,000 deductible clause. A suit for personal injury damages was brought against Asolo in 2014 . Asolo's counsel believes it probable that the insurance company will settle out of court for an estimated amount of $550,000 . At December 31 . 2014, Asolo should report an accrued liability of
a. $550,000.
b. $350,000.
c. $200,000.
d. $0.
C
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