Which of the Following Statements Is False

question 20

Multiple Choice

Which of the following statements is false?

• A)A company may exclude a short-term obligation from current liabilities if it intends to refinance the obligation on a long-term basis and have an unconditional right to defer settlement of the liability for at least 12 months.
• B)Cash dividends should be recorded as a liability when they are declared by the board of directors.
• C)Under the cash basis method, warranty costs are charged to expense as they are paid.
• D)Social security taxes withheld from employees' payroll checks should never be recorded as a liability since the employer will eventually remit the amounts withheld to the appropriate taxing authority.

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Definitions:

Walking Style

The distinctive manner or pattern in which an individual walks, often reflective of their mood, personality, or physical condition.

Uncommitted Sex

Sexual activity that occurs without the expectation of a committed relationship.

Partner's Physical Attractiveness

The degree to which one finds their romantic partner's appearance to be appealing, which can influence relationship satisfaction and dynamics.

Fraternal Birth-Order Effect

A phenomenon related to sexual orientation, suggesting that a male's likelihood of being homosexual increases with the number of older brothers he has.