All of the Following but One Represent Collections for Third

question 14

Multiple Choice

All of the following but one represent collections for third parties. Which one of the following is not a collection for a third party?

• A) Sales tax payable.
• B) Customer deposits.
• C) Employee insurance deductions.
• D) Social security taxes deductions.

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Definitions:

Herbert Spencer

A 19th-century English philosopher, biologist, and sociologist who contributed to the development of social Darwinism, emphasizing survival of the fittest in human society.

Darwin's Ideas

Refers to Charles Darwin's theories, particularly on natural selection and evolution, explaining the diversity of life on Earth.

World War II

A global conflict that took place from 1939 to 1945, involving most of the world's nations and resulting in significant military and civilian casualties.

Dispositions

Consistent preferences, ways of thinking, and behavioral tendencies that manifest across varying situations and over time.