Which of the Following Accounts Is NOT a Liability

question 12

Multiple Choice

Which of the following accounts is NOT a liability?

• A) Accounts Payable
• B) Salaries Payable
• C) Unearned Rent
• D) All of the above answers are liabilities.

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Definitions:

Marine Organisms

Living creatures that inhabit the ocean or sea, including both plants and animals.

Nekton

Aquatic animals that can swim and move independently of water currents, including fish, whales, and squids.

Limnetic Zone

The open water area of a freshwater basin (like a lake) where sufficient light penetrates to support photosynthesis, excluding the near shore areas.

Benthic Zone

The environmental zone located at the deepest part of a water body like an ocean or lake, encompassing both the surface of the sediment and several layers beneath it.