Liabilities Are

question 11

Multiple Choice

Liabilities are

• A)any accounts having credit balances after closing entries are made.
• B)deferred credits that are recognized and measured in conformity with generally accepted accounting principles.
• C)obligations to transfer ownership shares to other entities in the future.
• D)present obligations arising from past events resulting in an outflow of resources.

---

Definitions:

Defensive Self-esteem

A form of self-esteem that is fragile and vulnerable, often resulting in defensive reactions to criticism or perceived threats.

Possible Selves

Concepts individuals hold about who they might become, who they hope to become, or who they fear becoming in the future.

Self-efficacy

Someone's conviction in their competence to perform tasks needed for certain achievements.

Reciprocal Determinism

A concept in psychology that posits an individual's behavior is both influenced by and influences their personal factors and the environment.