An Obligation to Make Future Payment Is

question 4

Multiple Choice

An obligation to make future payment is

• A)Debt refinancing.
• B)Debt service.
• C)A liability.
• D)An asset.

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Definitions:

Photon

A quantum of electromagnetic radiation that embodies the concept of light as both a particle and a wave.

Electron

A subatomic particle with a negative charge found in all atoms, contributing to electricity.

Electron

A subatomic particle with a negative charge, found in the electron clouds surrounding the nucleus of an atom.