When a Company Is Obligated for Sales Taxes Payable,it Is

question 78

Multiple Choice

When a company is obligated for sales taxes payable,it is reported as a(n) :

• A)Estimated liability.
• B)Contingent liability.
• C)Current liability.
• D)Business expense.
• E)Long-term liability.

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Definitions:

Pleasing Result

An outcome that brings satisfaction or happiness.

Developmental Delay

A condition where a child does not reach their developmental milestones at the expected times.

Piaget's Theory

A framework developed by Jean Piaget that outlines stages of cognitive development in children, describing how they construct a mental model of the world.

Own Perspective

An individual's unique viewpoint or attitude towards a particular topic or situation based on personal experience and beliefs.