Buzz Coffee Shops is famous for its large servings of hot coffee. After a famous case involving McDonald's the lawyer for Buzz warned management (during 2011) that it could be sued if someone were to spill hot coffee and be burned. "With the temperature of your coffee. I can guarantee it's just a matter of time before you're sued for $1,000,000 Buzz felt the likelihood was remote. Unfortunately. in 2013, the lawyer's prediction came true when a customer filed suit. After consulting with his attorney Buzz felt the loss was possible but not likely or probable. The case went to trial in 2014, and the jury awarded the customer 3400,000 in damages, which the company immediately appealed. Buzz felt a loss was probable but believed a lower amount could be negotiated. During 2015, the customer and the company settled their dispute for $150,000 State which of the fillowing statementis) are true. (Select all that apply) Buzz must disclose in a note that a potential liability exists because the liability is possible Buz must disolose the liablity in a note because the tialjudgment makes the lkelihood of a lability probable, however the amount of the loss still is not estimable (because a lower amount is expected to be negotiated) Buzz must now record the loss and the liability because the out of court settlement made the $150.000 loss certain. Buzz must disclose in a note that a potential liability exists because the liability is possible in 2013 Butz must record or disclose the liability because the chance of the liablity occuring is remote in 2014 Buzz must disclose the liability because the chance of the liability oocurring is remote in 2015