Which of the Following Groups Includes Only Financial Liabilities

question 6

Multiple Choice

Which of the following groups includes only financial liabilities?

• A)Accounts payable, Notes payable, Warranties payable.
• B)Bank loan, Bonds payable, Finance lease obligation.
• C)Accounts payable, HST payable, Bonds payable.
• D)Bank overdraft, USD bank loan, Obligation under customer loyalty plan.

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Definitions:

Small Investors

Individuals who commit capital to investments in smaller amounts compared to institutional investors, often with less access to sophisticated tools and information.

Par Value

The face value of a bond or the stated value of a stock, not necessarily its market value.

Common Stock

Equity security representing ownership in a corporation, providing voting rights and a share in profits through dividends.

Paid in Excess

Funds received by a company over and above the par value of its stock, often recorded as additional paid-in capital on the balance sheet.