Problem

Assume that auditors lost a civil lawsuit for damages and the court found total losses of...

Assume that auditors lost a civil lawsuit for damages and the court found total losses of $5 million. If the auditors were determined to be 30 percent at fault and were the only solvent defendant, what is the auditors’ likely obligation under proportionate liability?

A. $ 5,000,000.

B. Zero.

C. $2,250,000.

D. $1,500,000.

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