Phrases That Remove Responsibility for a Statement Are Called

question 54

Multiple Choice

Phrases that remove responsibility for a statement are called

• A) disclaimers.
• B) hedging.
• C) intensifiers.
• D) fillers.

---

Definitions:

Income Statement

A financial statement that shows a company's revenues, expenses, and net income or loss over a specific period.

Acid Test Ratio

A financial metric that evaluates a company's ability to pay off its current liabilities with quick assets like cash, marketable securities, and accounts receivable.

Current Liabilities

Short-term financial obligations that are due within one year or within the normal operating cycle of a business.

Accounts Receivable

Money owed to a business for goods or services that have been delivered or used but not yet paid for by customers.