An Example of an Item Which Is Not a Liability

question 78

Multiple Choice

An example of an item which is not a liability is

• A) dividends payable in stock.
• B) advances from customers on contracts.
• C) accrued estimated warranty costs.
• D) the portion of long-term debt due within one year.

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Definitions:

Psychotherapy

A therapeutic treatment involving psychological methods, typically involving conversations between a therapist and a client, to help overcome mental health problems or improve emotional well-being.

Sex Differences

The biological and physiological distinctions between males and females, including genetic, hormonal, and anatomical variations.

Bachelor's Degree

An undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to seven years (depending on institution and academic discipline).

Independent Practice

A mode of work where professionals operate autonomously, often providing services without direct supervision, commonly seen in healthcare and law.