Which of the Following Is a Characteristic of a Current

question 203

Multiple Choice

Which of the following is a characteristic of a current liability?

• A) It creates a present obligation for future payment of cash or services.
• B) It cannot be settled with services.
• C) It is an avoidable obligation.
• D) It occurs because of a future transaction or event.

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Definitions:

Monogamous

Describing a relationship or mating system in which an individual has only one partner during their lifetime or at any one time.

Prostitution

The practice of engaging in sexual activity in exchange for payment or some other benefit.

Soviet Union

A former federal socialist state in Eastern Europe and Northern Asia, existing from 1922 to 1991, known for its Communist ideology.

Unemployed Women

refers to females who are without a job but available for and seeking employment.