Which Is Not an Example of a Financial Liability

question 29

Multiple Choice

Which is not an example of a financial liability?

• A)Payment to supplier for raw material received.
• B)Obligation to repay a US dollar bank loan.
• C)Obligation under a finance lease.
• D)Obligation under a customer loyalty program.

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Definitions:

Durkheim

A French sociologist, Émile Durkheim, known for his foundational contributions to the field of sociology, particularly in the areas of social cohesion and the study of social institutions.

Social Solidarity

The bonds that unite individuals within a society, based on shared norms, values, and interests, facilitating societal cohesion.

Messages

are units of communication intended to convey information, thoughts, or feelings from one entity to another.

Enlightenment

A philosophical movement in the 17th and 18th centuries emphasizing reason, individualism, and skepticism of traditional doctrines.