When a Company Has a Contingent Liability That Is Remote

When a company has a contingent liability that is remote in likelihood,the company should:

A) include a description in the notes to the financial statements.
B) record the amount of the liability times the probability of its occurrence.
C) record the amount of the liability as a long-term liability on the balance sheet.
D) exclude the information about the contingent liability from its financial statements and notes.