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A water molecule is formed by an unequal sharing of electrons between hydrogen and oxygen.This makes the oxygen end of the molecule slightly negative and the hydrogen portion slightly positive.Which of the following is/are correct?
1) The bonds between the hydrogen and oxygen that hold the molecule together are ionic bonds.
2) The molecule of water is a polar covalent molecule.
3) The intermolecular bonds between water molecules are hydrogen bonds.
Refund Liability
An obligation to return funds received from customers in the event of product returns or dissatisfaction, represented as a liability on the balance sheet.
Deferred Revenue Account
An account on a company's balance sheet that represents payment received from customers for goods or services not yet delivered or completed.
Contra Asset Account
An asset account where its balance is a negative figure that is subtracted from the balance of its related accounts on the balance sheet.
Estimated Inventory Returns
An accounting estimation of goods that will be returned by customers or cannot be sold, affecting inventory valuation on the balance sheet.
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