Which Is Not an Example of a Financial Liability

question 29

Multiple Choice

Which is not an example of a financial liability?

• A)Payment to supplier for raw material received.
• B)Obligation to repay a US dollar bank loan.
• C)Obligation under a finance lease.
• D)Obligation under a customer loyalty program.

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Definitions:

Output

Refers to the final product, service, or result produced by a process, system, or activity.

Resources

Assets, materials, and inputs that an organization or individual utilizes to conduct operations, create products, or provide services.

Work

The effort or activity directed toward the production or accomplishment of something.

Employees

Individuals who are hired by a business or organization to perform work and are typically paid wages or salaries in return for their labor.