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plz answer asap!! 2. . Which one of the following would be considered a contingent liability? (A) A company owes $200,000 on inventories purchased on
plz answer asap!!
2. . Which one of the following would be considered a contingent liability? (A) A company owes $200,000 on inventories purchased on credit. (B) A company has $1,690,000 worth of bonds outstanding. (C) A company estimates that it will probably have to pay $2,400,000 to the Department of Environment Protection for a chemical spill. (D) The company has access to a line of credit with a bank in the amount of $3,000,000 132.100,00 Step by Step Solution
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