A Valid Deductive Argument with True Premises Is Said to Be

question 18

Multiple Choice

A valid deductive argument with true premises is said to be

• A) strong.
• B) sound.
• C) fit.
• D) cogent.

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Definitions:

Accrue a Liability

The process of recognizing liabilities that have been incurred but not yet paid or recorded in the financial statements.

Current Maturities

The portion of a company’s long-term debt that is due to be paid within the next fiscal year, often classified under current liabilities.

Long-term Debt

Financial obligations owed by a company that are due more than one year in the future, typically including bonds, long-term loans, and lease liabilities.

Internal Control

The processes designed to ensure the reliability of financial reporting, effectiveness and efficiency of operations, and compliance with laws and regulations.