Which of the following statements regarding contingent loss is not true?

a.A company must accrue a contingent loss if the loss is possible and can be reasonably estimated.

b.A company must accrue a contingent loss if the loss is probable and can be reasonably estimated.

c.A company must disclose a contingent loss if the loss is possible and can be reasonably estimated.

d.A company is not required to disclose or accrue a contingent loss if there is a remote possibility it will occur.