Which of the Following Is not a Liability

question 173

Multiple Choice

Which of the following is not a liability?

• A)Unearned Service Revenue
• B)Accounts Payable
• C)Accounts Receivable
• D)Interest Payable

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Definitions:

Private Citizen

An individual who does not hold any official or public position and is acting in their personal capacity.

Exclusive Right

A legal provision granting someone the sole authority to perform a particular activity or use a specific resource.

Broker

An individual or firm that acts as an intermediary between buyers and sellers to facilitate transactions, typically in exchange for a commission or fee.

Easements

Legal rights granted to use the property of another for a specific purpose, such as right of way or utility lines.