Which of the Following Is Classified as a Liability

question 18

Multiple Choice

Which of the following is classified as a liability?

• A) Wages expense
• B) Accounts payable
• C) Owners' drawings
• D) Retained profits

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Definitions:

Student Center

A hub on college or university campuses that provides services, resources, and facilities for student activities and gatherings.

Burritos, Bagels, Burgers

Examples of fast food items, representing diversity in quick-service restaurant choices.

Equilibrium

A state in an economy or market where supply equals demand, leading to a stable price.

Pinch Hitter

In baseball, a substitute batter who comes in to bat in place of another player; metaphorically, someone who steps in to handle a situation or task for someone else.