According to$$ FASB, when should a company journalize a contingent$$ liability?

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Part $1$

A$.$

Journalize the contingent liability if it is probable that the loss will$$ occur, and the amount of the loss can be reasonably estimated.

B$.$

Journalize the contingent liability only if the amount can be estimated and the probability of loss is reasonably possible.

C$.$

Journalize the contingent$$ liability, even though you will probably win the lawsuit.

D$.$

Do not journalize the contingent liability under any circumstances.