Rice Corporation's Attorney Has Provided the Following Summaries of Three

Multiple Choice

Rice Corporation's attorney has provided the following summaries of three lawsuits against Rice: • Lawsuit A: The loss is probable,but the loss cannot be reasonably estimated.
• Lawsuit B: The loss is reasonably possible,but the loss cannot be reasonably estimated.
• Lawsuit C: The loss is reasonably possible and can be reasonably estimated.
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Which of the following statements is correct?

A) A disclosure note is required for each of the three lawsuits.
B) A disclosure note is required only for lawsuits A & C.
C) A disclosure note is required only for lawsuit A.
D) A disclosure note is required only for lawsuits B & C.