of SMITH Company has a financial year-end of 31 December 2019 The accounts are signed off by the directors (after the external audit is complete) on 31 March 2020 On 29 December 2019, the company issued by shareholders for issuing a misleading message (via twitter) on 1 December 2019. On 11 February, SMITH company is informed that this lawsuit will lead to a loss on settlement of $12 milion To date, the company has made no provison for this lawsuit with respect to the 2019 Financial Statements, the lawsuit should be classified as Select one O a An adjusting event requiring o Debit to Lawsuit Expense of $12 million Ob A non-adjusting event O c. An adjusting event requiring a Credit to Lawsuit Expense of $12 million O d. None of these answers An adjusting event requiring a Credit to lawsuit Provision of $12 million