Darwin Corporation's attorney has provided the following summaries of three lawsuits against Darwin: Lawsuit A: The loss is probable and the loss can be reasonably estimated. Lawsuit B: The loss is reasonably possible and the loss cannot be reasonably estimated. Lawsuit C: The loss is reasonably possible and the loss can be reasonably estimated. Which of the following statements is incorrect? A.

A disclosure note is not required for lawsuit B.

B. Lawsuit A is reported on the balance sheet as a liability.

C. There is a 70% chance that lawsuit A will result in a future economic sacrifice for Darwin.

D. A disclosure note is required for lawsuit C.