Which scenario$($s$)$ would NOT be classified as a contingent liability under IAS $37?$

i$)$ A company is engaged in a legal dispute, events occurring or non$-$occurring not in the control of the company and it expects to have to pay damages, but the amount cannot be estimated.

ii$)$ A company expects to receive damages of $$200000$ from a legal dispute, it is probable.

iii$)$ A remote chance that the company expects to have to pay about $$100,000$ in damages from a legal dispute.

iv$)$ A company expects to have to pay damages, it is probable and a reasonable estimate of the amount is at $$50,000.$

Answer

a$.$

None of these

b$.$

ii$,$ iii and iv only

c$.$

ii and iii only

d$.$

iv only

e$.$

ii and iv only