in 2007 the arbitrator decided in favor of dollis when should dollis and brooks reco 604459

In 2006, a contract dispute between Dollis Co. and Brooks Co. was submitted to binding arbitration. In 2006, each party’s attorney indicated privately that the probable award in Dollis’ favor could be reasonably estimated. In 2007, the arbitrator decided in favor of Dollis. When should Dollis and Brooks recognize their respective gain and loss?

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