Which of the Following Is NOT True About Liabilities

question 63

Multiple Choice

Which of the following is NOT true about liabilities?

• A) Liabilities are amounts owed by a business.
• B) Liability accounts have a normal credit balance.
• C) Financing activities will affect the amount of liabilities.
• D) Examples of liabilities include notes payable, contributed capital and income tax payable. Contributed capital is part of stockholders' equity and is not a liability.

Know the full form and meaning of AIDS.

Understand the relationship between HIV and AIDS.

Recognize the characteristics and treatment options for STIs.

Define the concept of adult relationships.

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Definitions:

Explanandum

Explanandum is the phenomenon or event that is being explained in a scientific or philosophical context.

Hypothesis

An educated guess or proposed explanation made on the basis of limited evidence as a starting point for further investigation.

Explanation

A proclamation or summary that illuminates by delving into more specific details or presenting important facts or notions.

Explanation

An explanation or description that clarifies by detailing the pertinent structure, mechanism, or underlying causes.