Which Statement Is Correct

question 53

Multiple Choice

Which statement is correct?

• A)HST payable is a financial liability.
• B)Bank overdraft is a non-financial liability.
• C)Unearned revenue is a non-financial liability.
• D)Unearned subscriptions are a financial liability.

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Definitions:

Covariance

A measure of how two variables change together, which can indicate the degree to which they move in the same or opposite directions.

Mean-Variance Efficient Portfolio

A Mean-Variance Efficient Portfolio is an investment strategy that aims to optimize the balance between expected return and risk, as defined by the portfolio's volatility.

Single-Index Structure

A model used in finance to describe the returns of a security as a function of a single market index.