The Reserve for Encumbrances Account Is Properly Considered to Be

question 16

Multiple Choice

The reserve for encumbrances account is properly considered to be a:

• A) current liability if payable within a year; otherwise, long-term debt.
• B) fixed liability.
• C) floating debt.
• D) reservation of the fund's equity.

---

Definitions:

Treatment Approach

A plan or method used to address a problem, typically involving interventions and strategies to treat a health condition or disease.

Psychological Crisis

A situation where an individual faces psychological stress or trauma that overwhelms their ability to cope.

Durkheim

French sociologist Émile Durkheim, known for his foundational work in sociology, including his study on social cohesion and the role of religion in society.

Social Environment

The immediate physical and social setting in which people live or in which something happens or develops.