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Business, 14.04.2020 22:32 valeriestamann

Which one of the following would be considered a contingent liability? A. A company estimates that it will probably have to pay $75,000 to the EPA for a chemical spill. B. A company owes $35,000 on inventories purchased on credit. C. A company has access to a line of credit with a bank in the amount of $120,000. D. A company believes that it is reasonably possible it will lose a lawsuit and damages could be $100,000. E. None of the above

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Which one of the following would be considered a contingent liability? A. A company estimates that i...

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