Which of the Following Would Not Appear as a Liability

question 35

Multiple Choice

Which of the following would not appear as a liability on the balance sheet?

• A) A labor contract
• B) A note due to a bank
• C) Salary due employees at year-end
• D) Accounts payable

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Definitions:

Employee Benefits

Additional perks or compensations provided to employees aside from their regular salaries, such as health insurance, retirement plans, and paid time off.

Child Care Services

Services provided to care for children, especially during the working hours of parents, including daycare centers, nannies, and preschool programs.

Competitive

The characteristic of constantly striving to be better than others, often through comparisons or direct competition in a market.

Adoption Benefits

Employment benefits, such as leave or financial assistance, offered to employees to support the process of adopting a child.