Choose the Word or Phrase in [ ] Which Will

question 45

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-The insurance company [will | will not] provide liability coverage if your dog bites the neighbor.

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Definitions:

Estimated

An approximate calculation or judgment regarding a number, value, or size based on available data, often used in planning and forecasting.

Liabilities

Economic responsibilities or liabilities that a business must pay back to others, requiring the disbursement of economic resources over a period.

Sales Taxes Payable

A liability account that represents the amount of sales tax collected from customers by a business, which is owed to the government.

Current Liability

Financial obligations that a company is required to pay within one year.