1 Which of the following would be classified as a liability? 3 pts Fulton Co is planning to invest in new machinery and has been quoted a price of 300,000. Delta's business manufactures a product under license. In 12 months' time the license expires and Delta will have to pay 200,000 for it to be renewed. Bold Co purchased an investment 11 months ago for 200,000. The market for these investments has now fallen and Bold Co's investment is valued at 100,000. Wish Co has estimated the tax charge on its profits for the year just ended as 20,000