Which of the Following Is Not a Long-Term Liability Account

question 49

Multiple Choice

Which of the following is not a long-term liability account with a high risk of material misstatement?

• A)Warranty reserves.
• B)Pension obligations.
• C)Other postemployment benefits.
• D)Marketable securities.

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Definitions:

Information Revolution

A period marked by the rapid advancement in information and communication technologies, significantly altering the way information is generated, stored, and disseminated.

Printing

A process for mass reproducing text and images using a template or master form, historically significant for its role in the spread of information and literacy.

1830s

The decade from 1830 to 1839, characterized by significant social, political, and technological changes worldwide.

Nineteenth Century

The period from 1801 to 1900, marked by significant social, economic, and technological changes worldwide.