Match Each of the Following Terms Pertaining to Liabilities to Their

question 97

Multiple Choice

Match each of the following terms pertaining to liabilities to their definitions.
-Accounts that will be satisfied within one year or the next operating cycle.

• A)Current liability
• B)Accounts payable
• C)Notes payable
• D)Discount on notes payable
• E)Current maturities of long-term liabilities
• F)Accrued liabilities
• G)Contingent liability
• H)Estimated liability

---

Definitions:

Corrective Taxes

Taxes designed to influence market outcomes by correcting for the effects of externalities, encouraging or discouraging certain behaviors.

Regulations

Rules or directives made and maintained by an authority to regulate behavior, often in professional settings, industries, or governmental areas.

Optimal Level

The most efficient, effective, or desirable point or degree for a specific outcome.

Pollution

The contamination of natural environments by harmful substances or activities.