Which one of the following would not be considered a contingent liability? Group of...
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Which one of the following would not be considered a contingent liability? Group of answer choices A company estimates that it will probably have to pay $ to the EPA for a chemical spill. A company owes $ because of inventories purchased on credit. Based on historical data, a company estimates it will have to pay $ in warranty costs over the next two years. A company is named in a lawsuit, and believes that it might lose and damages could be $ All of the above are contingent liabilities
Which one of the following would not be considered a contingent liability?
Group of answer choices
A company estimates that it will probably have to pay $ to the EPA for a chemical spill.
A company owes $ because of inventories purchased on credit.
Based on historical data, a company estimates it will have to pay $ in warranty costs over the next two years.
A company is named in a lawsuit, and believes that it might lose and damages could be $
All of the above are contingent liabilities
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