Current Liabilities Fall into Two Categories Which Are Referred to As

question 54

Multiple Choice

Current liabilities fall into two categories which are referred to as:

• A)contingent liabilities and noncontingent liabilities.
• B)contingent liabilities and contra- liabilities.
• C)unearned liabilities and accrued liabilities.
• D)liabilities of a known amount and estimated liabilities.

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Definitions:

Punishment

A method used to reduce or eliminate unwanted behavior by introducing a negative consequence or removing a desired stimulus following the behavior.

Authority

The power or right to give orders, make decisions, and enforce obedience.

Anger And Hostility

Intense feelings of displeasure or aggression towards something or someone, often displayed through antagonistic or confrontational behavior.

Alternatives

Options or choices available in any decision-making situation.