a Under AASB 137 Provisions, Contingent Liabilities and Contingent Assets, when providing for a future event such as the clean-up of a construction site at the end of a long-term project, gains and other cash inflows that are expected to arise on the sale of assets related to the clean-up, must be: a. recognised directly in equity in the period in which the cash inflows arise. b. recognised as a deferred asset. c. set-off against the provision for the clean-up. d. measured separately of the provision. As per AASB 137 Provisions, Contingent Liabilities and Contingent Assets, the appropriate treatment for a contingent asset in the financial statements of an entity is: a. disclosure of information in the notes, but do not recognise in the financial statements. b. recognition in the financial statements, and note disclosure. C. recognition in the financial statements, but no further disclosure in the notes. O d. do not recognise in the financial statements, and do not disclose in the notes