Question 11 (1 point) Max7 Company is an aircraft manufacturer involved in several lawsuits. The liability which could arise as a result of these lawsuits should be recorded on the books if the probability of Max7 owing money as a result of the lawsuits is probable and the amount cannot be reasonably estimated. remote and the amount can be reasonably estimated. reasonably possible and the amount can be reasonably estimated. probable and the amount can be reasonably estimated