Which of the Following Statements Best Describes a Liability

question 99

Multiple Choice

Which of the following statements best describes a liability?

• A) Any obligation, whether enforceable or not, is a liability.
• B) A liability is an enforceable economic burden or obligation.
• C) A liability is a legal economic benefit.
• D) Deferred income taxes are always shown as liabilities.

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Definitions:

Anti-Theft Posters

Visual or printed materials designed to deter people from committing theft by warning of consequences or invoking moral considerations.

Demographic Variables

Characteristics of populations or segments used in research, such as age, gender, income level, education, and ethnicity.

Helping Behaviour

Actions taken to provide assistance or benefit to another individual or group without expectation of reward.

Size of Hometown

A measurement indicating the geographical area or population size of the place where one grew up or considers their hometown.