x company is being sued for $1 million. X Company's lawyer estimates that there is a probability of 80% that x Company will have to pay out $1 million. x Company should deal with this: Select one: a. By disclosing details of the case in the Notes to the accounts but NOT recognizing a liability in the Balance Sheet b. By recognising an asset of $1 million c. By ignoring the case completely in the financial statements d. None of these options e. By recognising a provision for $1 million Clear my choice