Which of the Following Items Would NOT Be Recognised as a Liability

question 4

Multiple Choice

Which of the following items would NOT be recognised as a liability?

• A) Advances from customers for goods and services to be delivered later
• B) Estimated warranty on products sold during the year
• C) A dispute with a customer where there is some possibility that the company could lose the dispute
• D) Amounts owing in wages for work done this period to be paid in the next period

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Definitions:

Glass Ceiling

An invisible barrier that prevents minorities and women from rising to upper levels of management and leadership despite their qualifications.

Artificial Barriers

Obstacles that are not based on actual physical limitations but are constructed through societal or organizational practices, hindering equity or progress.

Attitudinal Bias

Involves preconceived notions or judgments that influence an individual's perceptions and behaviors towards others, often leading to unfair treatment.

Fast-Track Program

A program that encourages new managers with high potential to remain with an organization by enabling them to advance more rapidly than those with less potential.