Match the Following Terms with the Appropriate Definition

question 150

Multiple Choice

Match the following terms with the appropriate definition.
-Guarantees the repair or replacement of defective goods during a specified period following the sale

• A)Accrued liabilities
• B)Contingent liabilities
• C)Current liabilities
• D)Interest rate
• E)Liabilities
• F)Payroll taxes
• G)Sales taxes
• H)Warranty
• I)Withholdings

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Definitions:

Probate

The legal process of administering a deceased person's estate, including the resolution of any claims and the distribution of assets under a will.

Devise

A legal term for the bequest of real estate property through a will.

Real Property

Real property includes land and anything permanently attached to it, like buildings, in contrast with personal property, which is movable.