Which of the Following Statements About Liabilities Is NOT True

question 28

Multiple Choice

Which of the following statements about liabilities is NOT true?

• A) An intention to repair a machine in six months' time does not give rise to a liability.
• B) If a liability is to be reliably measured,estimation procedures cannot be used.
• C) For a liability to exist,the entity must not be able to avoid the sacrifice of economic resources.
• D) A liability is a present obligation arising from past events.

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Definitions:

Whole-Word Method

An approach to teaching reading that emphasizes the recognition of words as whole units rather than as a sequence of letters and sounds.

Intellectual Skills

Abilities related to thinking, reasoning, and problem-solving.

Morpheme

The smallest grammatical unit in a language, incapable of further division, that carries meaning; examples include root words, prefixes, and suffixes.

Syntax

The set of rules, principles, and processes that govern the structure of sentences in a given language, including word order and sentence organization.