Question 2 ( 1 point) In the context of IAS 37 Provisions, Contingent Liabilities and Contingent Assets which of the following statements are correct? (i) A contingent asset should be shown in the statement of financial position when the inflow of economic benefits is considered probable. (ii) A contingent liability should be shown in the statement of financial position unless the possibility of economic benefits is considered remote. (iii) A contingent asset should be disclosed in the notes to the financial statements where the inflow of economic benefits is less than probable. (iv) A contingent liability should be disclosed in the notes to the financial statements unless the possibility of transfer of economic benefits is remote. (iv) only (i) and (ii) only (ii) and (iii) only (i) and (iv) only (ii) only