Which of the Following Accounts Is NOT a Liability

question 12

Multiple Choice

Which of the following accounts is NOT a liability?

• A) Accounts Payable
• B) Salaries Payable
• C) Unearned Rent
• D) All of the above answers are liabilities.

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Definitions:

Competition

A situation in which entities strive against one another to attain a goal or superior position.

Win-win Strategy

A conflict resolution and negotiation approach where all parties involved gain something of value, ensuring mutual benefit.

Conflict Management Strategies

Techniques and approaches used to handle and resolve disputes in a constructive manner.

Cooperation

Working together towards common goals or benefits, emphasizing teamwork and mutual support.