Which of the Following Is Considered to Be a Liability

question 22

Multiple Choice

Which of the following is considered to be a liability?

• A) Prepaid expenses
• B) Investments
• C) Unearned revenues
• D) Accrued revenues

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Definitions:

Electronic Information

Digital data that can be stored, transmitted, or received via electronic devices.

Critical Assessment

The process of evaluating or analyzing something in detail, focusing on its merits and demerits.

Recording Information

The act or process of documenting or capturing data, observations, or events for future reference or analysis.

Efficiently

Achieving maximum productivity with minimal wasted effort or expense.