Bartlett Orchards in Tipperary, Ireland Is a Publicly Traded Entity $\bullet$

Multiple Choice

Bartlett Orchards in Tipperary, Ireland is a publicly traded entity with a December 31 year end. While preparing a portion of Bartlett Orchard's land for new pear trees, a worker finds a vein of gold worth an estimated €150 million! The timeline is as follows:
$\bullet$ March 3: the vein is discovered.
$\bullet$ March 4: The 20X1 financial statements are approved by the board of directors and authorized for issuance.
$\bullet$ March 8: The vein is appraised and booked as an asset.
$\bullet$ March 9: The shareholders formally approve the 20X1 financial statements.
Management is excited for the shareholders to know about this as soon as possible. How does Bartlett Orchards go about reporting this event in the 20X1 financial statements?

A) Provide no more than a note disclosure
B) Add the asset to the financial statements at €150 million
C) Add the asset to the financial statements using a rough estimate since the vein has not been appraised before the authorization date.
D) Provide no disclosure.