Which of the following statement is incorrect? Select one: a. If the likelihood of the future event is probable and the amount of the liability is estimable, the contingent liability is recorded in a journal entry and disclosed in the notes to the financial statements. b. If the likelihood of the future event is reasonably possible, the contingent liability is disclosed in the notes to the financial statements according to the principle of full disclosure. c. If the likelihood of the future event is probable but the amount of the liability is not estimable, the contingent liability is disclosed in the notes to the financial statements according to the principle of full disclosure. d. If the likelihood of the future event is remote (unlikely), and if the amount is not significant, the contingent liability is either recorded in the accounting records or disclosed in the notes to the financial statements