1.

1. A customer suffered a serious accident in a company in November 2020 As of the date of publication of the 2020 financial statements, a lawsuit had been filed against the company for the amount of $ 50,000. The company's legal advisor estimates that the company is likely to lose this claim and have to pay $ 30,000. a The company will recognize and disclose this contingency in the 2020 financial statements, by the amount of $ 50,000 b The company will recognize and disclose this contingency in the 2020 financial statements, by the amount of $ 30,000. C. The company will recognize and disclose this contingency in the 2020 financial statements, by the $ 40,000 amount d The company will recognize this contingency in the 2020 financial statements, for the amount of $ 30,000 and will disclose that it could be up to $ 50,000