Which One of the Following Is a Liability

question 3

Multiple Choice

Which one of the following is a liability?

• A)Interest receivable.
• B)Contributed capital.
• C)Retained earnings.
• D)Wages payable.

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Definitions:

Limits

Refers to boundaries or constraints that restrict or define possible actions or outcomes.

Powers

Abilities or capacities to perform or act effectively in various situations.

Social-Cultural Perspective

An approach in psychology that emphasizes the importance of social interaction and the cultural context in understanding human behavior and mental processes.

Behavior And Thinking

The processes and actions that are influenced by the brain, environment, and society, embodying how individuals act and conceptualize their experiences.