According to IAS 37, How Should Contingent Assets Be Recognized

Multiple Choice

According to IAS 37, how should contingent assets be recognized?

A) They should be disclosed in the notes to the financial statements if the inflow of resources is probable.
B) They should be recognized like any other asset, with a debit to "contingent assets."
C) They should not be disclosed anywhere in the financial statements due to their uncertainty.
D) They should only be disclosed in the notes to the financial statements if the inflows of resources are virtually certain.