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Which one of the following would be considered a contingent liability? Select one: 0 A....

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Accounting

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Which one of the following would be considered a contingent liability? Select one: 0 A. A company owes $44,000 on inventories purchased on credit o B. The company has access to a line of credit with a bank in the amount of $576,000 O o C. A company estimates that it will probably have to pay $48,000 to the Department of Environment Protection for a chemical spill D. A company has $980,000 worth of bonds outstanding E. The company believes that it is reasonably possible it will lose a lawsuit but is unable to determine the possible damages

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