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Which of the following is an example of a contingent liability? A corporate long-term employment contract with the chief executive officer. A lawsuit pending against
Which of the following is an example of a contingent liability? A corporate long-term employment contract with the chief executive officer. A lawsuit pending against a restaurant chain for improper preparation of food. A liability for notes payable with interest included in the face amount. The liability for future warranty repairs on computers sold during the current period
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