Which one of the following would be considered a contingent liability?

Select one:

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 $2,41,200,000 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 $3,000,0000.