How Should a Contingent Liability That Has a Likely Chance

Short Answer

How should a contingent liability that has a likely chance of occurring and can be reasonably estimated be disclosed? $\begin{array}{lll}&\text { Accrual}&\text { Footnote }\\\hline\text { a. } & \text { No } & \text { No } \\\text { b. } & \text { Yes } & \text { No } \\\text { c. } & \text { No } & \text { Yes } \\\text { d. } & \text { Yes } & \text { Yes }\end{array}$