Which of the Following Statements Is False

question 163

Multiple Choice

Which of the following statements is false?

• A) A company may exclude a short-term obligation from current liabilities if the firm intends to refinance the obligation on a long-term basis and demonstrates an ability to complete the refinancing.
• B) Cash dividends should be recorded as a liability when they are declared by the board of directors.
• C) Under the cash basis method, warranty costs are charged to expense as they are paid.
• D) FICA taxes withheld from employees' payroll checks should never be recorded as a liability since the employer will eventually remit the amounts withheld to the appropriate taxing authority.

---

Definitions:

Androsexual

Being primarily sexually or romantically attracted to masculinity or men, regardless of one's own gender identity.

Gynesexual

An orientation that involves being sexually attracted to women or femininity, regardless of the person's own gender identity.

Pansexual

A person romantically and/or sexually attracted to members of all sexes and gender identities and/or expressions.

Intrapsychic Script

An internal framework comprising an individual's desires, motivations, and experiences that guide their behavior and emotional responses.