Single choice 52) Company Z moved out of its current premises, which are leased into a new larger office complex. The original lease has 7 years remaining and the company has been unable to sub-let; consequently the property lies empty. This is an example of? O A contingent liability O A deferred liability An onerous lease O A contingent lease Single choice 53) What may be defined as 'short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value? O Cash Government bonds Derivatives O Cash equivalents