All of the Following Are Examples of an Accrued Liability

question 73

Multiple Choice

All of the following are examples of an accrued liability except?

• A)Wages payable
• B)Interest payable
• C)Warranties payable
• D)GST payable

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Definitions:

NLRB

The National Labor Relations Board, a US federal agency responsible for enforcing labor laws in relation to collective bargaining and unfair labor practices.

Sentencing Violators

The act of imposing a judicial determination on individuals or entities that have been found guilty of breaking laws or rules.

Fines

Fines are monetary penalties imposed as punishment for an infringement or violation of laws, regulations, or rules.

Taft-Hartley Act

Also known as the Labor Management Relations Act, 1947, it restricted the activities and power of labor unions in the United States.