32.5 IAS 37 Provisions, Contingent Labilities and Contingent Assets deals with accounting for contingencies. What is the correct accounting treatment for the fllowing?
1 A probable loss (a constructive obligation exists, for which the amount can be reliably estimated)
2 A probable gain
Probable loss Probable gain
A Accrued Disclosed
B Accrued Not disclosed
C Disclosed, but not accrued Disclosed
D Disclosed,but not accrued Not disclosed