Which of the Following Would NOT Be Classified as a Liability

question 10

Multiple Choice

Which of the following would NOT be classified as a liability on the statement of financial position?

• A) A loan
• B) An accrual
• C) Trade receivables
• D) Bank overdraft

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Definitions:

Sample Proportion

The fraction or percentage of the sample that represents a particular attribute or characteristic.

Mean

The arithmetic average of a set of numbers, calculated by adding them together and dividing by the number of terms.

American College Testing

A standardized test used for college admissions in the United States that assesses a student's readiness for college-level work.

Margin of Error

A measure of the range of values below and above the sample statistic in a confidence interval within which the true population parameter is expected to lie.