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Which would not be shown as a contingent liability

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Reference no: EM132966415

Problem 1: Which of the following would NOT be shown as a contingent liability?

a. a dispute with the taxation department where legal advice suggests that the company will win the dispute.

b. estimated future cost of providing annual leave for work already carried out by employees.

c. none of the other options.

d. a company providing a guarantee to a lender for a loan taken out by a subsidiary company where a default on the loan is not likely.

e. Lawsuit for wrongful dismissal of an employee.

Reference no: EM132966415

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