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Which one of the following would be considered a contingent liability? Select one: A. A company has 51,690,000 worth of bonds outstanding. B. A company

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Which one of the following would be considered a contingent liability? Select one: A. A company has 51,690,000 worth of bonds outstanding. B. A company estimates that it will probably have to pay $2,200,000 to the Department of Environment Protection for a chemical spill C. The company has access to a line of credit with a bank in the amount of $3,000,000 D. A company owes $200,000 on inventories purchased on credit

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