(5 points) Which of the following is an example of an asset retirement obligation (ARO)? (LE 6) O A legal requirement to clean up a river next to a factory in the future. O A legal requirement to pay a fine for damages to a local forest next year. The loss of a lawsuit for medical expenses for employees exposed to chemicals. The contractual obligation to pay a yearly maintenance fee for leased equipment. (5 points) FASB formally defines liabilities as 'probable future sacrifices of economic benefits arising from present obligations or a particular entity to transfer assets or provide services to other entities in the future as a result of past transactions or events' (SFAC No. 6). Based on that definition, which of the following is NOT a liability? (LE 1) O "Wages for employees earned this period, but paid in the following period." Interest accrued on a note taken out last year that will be repaid next year. "A lawsuit that would probably be lost, but that they plan to settle out of court." "Dividends proposed to the board for the coming year, but not yet voted on