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Which of the following is not an example of a contingent liability for Edward Company? A. Edward Company sells their accounts receivables, with recourse, to

Which of the following is not an example of a contingent liability for Edward Company?

A. Edward Company sells their accounts receivables, with recourse, to Allied Factoring Company.

B. Edward Company guarantees a $100,000 loan taken out by Beagle Company.

C. Edward Company is being sued for $200,000 by Collie Company, and the case has yet to go to court.

D. Edward Company has been sued by Darwin Company, and the case has just settled out of court, with Edward Company agreeing to pay Darwin $300,000.

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