X company is suing Y Company for $4 million. X Company's lawyer estimates that there is a probability of 40% that X Company will win the case and receive $4 million. X Company should deal with this: Select one: a. By recognising an asset of $4 million b. By disclosing details of the case in the Notes to the accounts but NOT recognizing a liability in the Balance Sheet c. By ignoring the case completely in the financial statements d. None of these options e. By recognizing a liability of $1 million