How Should a Contingent Liability That Is Reasonably Possible but Cannot

Multiple Choice

How should a contingent liability that is reasonably possible but cannot reasonably be estimated be reported within the financial statements?

A) It must be recorded and reported as a liability.
B) It does not need to be recorded or reported as a liability.
C) It must only be disclosed as a note to the financial statements.
D) It must be reported as a liability, but not disclosed in a note.