Contingent Liabilities Are ________ Under GAAP, and ________ Under IFRS

Multiple Choice

Contingent liabilities are ________ under GAAP, and ________ under IFRS I. Recorded if probable
II. Recorded if possible
III. Recorded if reasonably estimated

A) GAAP I and II; IFRS I or II
B) GAAP I or III; IFRS I and II
C) GAAP I; IFRS I and III
D) GAAP I and III; IFRS I