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.

---

Definitions:

Drones

Unmanned aerial vehicles (UAVs) controlled by remote pilots or autonomously by onboard computers, used for various purposes including surveillance, delivery, and photography.

Average Variable Costs

Costs that vary with the level of output produced, divided by the quantity of output produced.

Drones

Unmanned aerial vehicles (UAVs) that can be remotely controlled or fly autonomously through software-controlled flight plans in their embedded systems.

Total Cost

Represents the complete expenditure made by a company in manufacturing a product or offering a service, covering variable and fixed expenses.