For each of the following, determine the correct way to treat the situation: i.e. record in the books, disclosure required or no reporting needed and any amount that is to be reported or disclosed.

A, The likelihood of a payment occurring is probable, and the estimatd amount is $1.3 million

B, The likelihood of a payment occurring is probable, and the amount is estimated to be in the range of $1.1 million to $1.6 million.

C, The likelihood of a payment occurring is reasonably possible, and the estimated amount is $1.3 million.

D, The likelihood of a payment occurring is remote, while the estimated potential amount is $1.3 million.