Aazbeztoz of Canada, Inc., [AOC] is being sued for illness caused to local residents as a result of negligence on the company's part in permitting the local residents to be exposed to highly toxic chemicals. AOC's lawyer states that it is likely the corporation will lose the suit and be found liable for a judgement, the cost of which the lawyer is unable to predict. She did however develop a probability distribution which she believes is appropriate and very likely. The function is as follows: $300,000 [3%], $400,000 [5%], $500,000 [3%], $600,000 [5%], $700,000 [8%], $800,000 [15%] $900,000 [14%], $1,000,000 [9%], $1,100,000 [12%], $1,200,000 [10%], $1,300,000 [6%], $1,400,000 [8%], $1,500,000 [2%]. As a result of the above facts, using IFRS, AOC should accrue as liability

a.zero.

b.$1,500,000, being the maximum amount of the range.

c.$900,000 being the mean of the range.

d.

$938,000 being the expected value of the possible liability outcomes.

e.None of the above