You Can Use Up to ____ Keywords to Describe Your

question 87

Multiple Choice

You can use up to ____ keywords to describe your app.

• A) four
• B) six
• C) seven
• D) nine

---

Definitions:

Contingent Liabilities

Liabilities that may arise from past transactions if certain events occur in the future.

Interest Expense

The cost incurred by an entity for borrowed funds; interest expense is a non-operating expense shown on the income statement.

360-Day Year

A financial convention that simplifies interest calculations by assuming a year has 360 days.

Note Payable

A financial obligation or loan documented by a written promissory note specifying repayment terms, interest rates, and maturity dates.