Which of the Following Is an Example of a Liability

question 18

Multiple Choice

Which of the following is an example of a liability where there is no corresponding asset?

• A) A debenture issued by a listed company.
• B) A mortgage.
• C) A provision for warranties.
• D) A provision for decommissioning.

Understand the concepts and calculations related to cash flows, including sources and uses of cash.

Calculate and analyze financial ratios for assessing a firm's financial performance.

Comprehend the significance of comparing financial statements and ratios across different firms.

Grasp the impact of varying accounting methods on financial statement analysis.

---

Definitions:

Work-Life Balance

The equilibrium a person strives to reach between their work responsibilities and personal life.

Wrongful Dismissal

A doctrine giving workers legal protections against termination without cause.

Profit Sharing

A corporate strategy where employees receive a share of the company's profits, typically distributed annually or quarterly, as part of their compensation.

Merit Pay System

A merit pay system is a compensation approach where employees are rewarded based on their performance and achievements, typically assessed through performance evaluations.