Which Statement Is Not Correct

question 10

Multiple Choice

Which statement is not correct?

• A)A bank loan due in 5 years is a non-financial liability.
• B)Bonds payable are financial liabilities.
• C)Sales taxes payable are non-financial liabilities.
• D)A bank loan due in 90 days is a financial liability.

---

Definitions:

Sample

A group of people or observations chosen from a broader population intended for statistical study.

Population

The complete collection of people or cases that are the focus of the study.

Sample

A subset of individuals, objects, or measurements selected from a population that is used to make inferences about the overall population.

Specified Characteristic

A distinct property or attribute that has been identified or stipulated for observation or study.