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:

Select one:

a.recognition in the financial statements, and note disclosure.

b.recognition in the financial statements, but no further disclosure in the notes.

c.do not recognise in the financial statements, and do not disclose in the notes.

d.disclosure of information in the notes, but do not recognise in the financial statements.