A company closed its books on December 31, 2020 and published its financial statements on March 31, 2021. On February 1, 2021, a customer was involved in an accident and sued the company. The company's attorney is of the opinion that the company will likely have to indemnify the client in the amount of $ 100,000. As of March 31, 2021, the case had not yet been resolved. In the 2020 financial statements the company:

to. You will recognize a contingent debt of $ 100,000 b. Will disclose the matter, but will not acknowledge any debt c. It will not acknowledge debt and it will not disclose the matter either. d. More information is needed to answer the question.