Which of the following is indicative of a Type 2 liability?

In the context of liabilities, a Type 2 liability is characterized by a situation where the amount is known, but the timing of the payment is uncertain. This aligns with the choice that states "amount is known, timing is uncertain."

For Type 2 liabilities, companies are aware of the obligation's monetary value but cannot determine when exactly the payment will need to be made, which could be due to various factors such as contractual terms or regulatory conditions that affect the payment schedule. Understanding the difference between the timing and amount of liabilities is crucial for accurate financial planning and reporting, especially when managing cash flows and funding strategies.

The other options describe different scenarios that do not accurately reflect the nature of a Type 2 liability. By knowing the specific characteristics of Type 2, it's easier to differentiate it from other liability types, aiding in financial analysis and investment decision-making.