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23-11-2022
Business

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which one of the following would be considered a contingent liability? a company owes $44,000 on inventories purchased on credit a company has $980,000 worth of bonds outstanding a company estimates that it will probably have to pay $48,000 to the department of environment protection for a chemical spill the company has access to a line of credit with a bank in the amount of $576,000 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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