D Question 34 2.5 pts Terox, Inc. has the following outstanding litigation claims against it: I. A claim of $15,000. Terox thinks it is remote that it will lose the claim, but estimates the loss at $70,000 if it occurs. II. A claim of $60,000. Terox thinks it is probable it will lose the claim, but cannot estimate the amount of loss. III. A claim of $100,000. Terox thinks it is reasonably possible it will lose the claim, and estimates the loss at $80,000 if it occurs. How should Terox report the above litigation claims on its annual report? Accrue liability for II, provide a disclosure not for III, and ignore I. Accrue liability for II, and provide a disclosure note for I and III. Provide a disclosure note for II and III, and ignore I. Provide a disclosure note for II, and ignore I and III. 1 Previous