Identifying Contingent Liabilities
Which of the following is classified as a contingent liability?
A
Building lease
B
Pension obligations
C
Office supplies
D
Employee salaries
E
Pending lawsuit
clep.ai501(c)(3) non-profit • UBI: 606234803 • EIN: 42-2740810Which of the following is classified as a contingent liability?
Building lease
Pension obligations
Office supplies
Employee salaries
Pending lawsuit