Kerry Ltd has guaranteed bank debt for its major supplier. The guarantee is for $50,000. It is probable (more likely than not) that the supplier will default on its obligations because of the impact of the global pandemic. The $50,000 a. Should be shown as a provision in the notes to the financial statements but not on the balance sheet. b. Should be shown as a provision on the balance sheet. c. Should be shown as a contingent liability on the balance sheet. d. Should be shown as a contingent liability in the notes to the financial statements but not on the balance sheet