Analyzing a Gain Contingency During the year, a driver for Commuters Inc. was involved in an accident Commuters Inc brought a suit against the negligent party for $1 million. The curtis pending on December 31, 2020 Commuters Inc believes it is virtually certain that it will receive a settlement of 51 million How should this potential gain be treated for financial statement purposes on December 31, 20202 Choose the most appropriate accounting treatment from the following options Select one it. Accrue potential gain in the income statement b. Dadose potential pain in the notes accompanying the financial statements c. Do not accrue or disclose the potential and in the financial statements d. Literar Ether borc