Signify the most appropriate response for each of the following situations regarding contingent liabilities.
1	The future event is probable and can be reasonably estimated							Multiple Choice Answer Options:
2	The future event is probable but cannot be reasonably estimated							a. The liability should be disclosed in a footnote
3	The future event is remote and can be reasonably estimated							b. The liability does not need to be recorded or disclosed
4	The future event is remote but cannot be reasonably estimated							c. The liability should be recorded in the financial statements
5	The future event is moderately possible and can be reasonably estimated
6	The future event is moderately possible but cannot be reasonably estimated