Which of the Following Liability Accounts Does not Usually Require

question 92

Multiple Choice

Which of the following liability accounts does not usually require a future cash payment?

• A)Accounts payable.
• B)Unearned revenues.
• C)Taxes payable.
• D)Notes payable.

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Definitions:

Intellect

The ability to learn, understand, and apply knowledge, often seen as a component of intelligence.

Imagination

The faculty or action of forming new ideas, images, or concepts of external objects not present to the senses.

Adventurousness

The willingness or tendency to take risks and try new or challenging experiences.

Negative Correlation

When one variable is high, the other variable tends to be low.