Which of the Following Is Considered as a Liability in the Balance

question 20

Multiple Choice

Which of the following is considered as a liability in the balance sheet of a firm?

• A)Accounts receivable
• B)Corporate bonds
• C)Retained earnings
• D)Common stock
• E)Plant and equipment

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Definitions:

Liberalized Divorce Laws

Regulations that have been relaxed to allow divorces to be obtained more easily, often reflecting changes in society's attitudes towards marriage.

Fighting Force

A military or armed group equipped and trained for combat or warfare, often representing a country or a faction within a conflict.

Constitutional Convention

A gathering for the purpose of writing a new constitution or amending an existing one. In United States history, it specifically refers to the convention of 1787 that produced the current Constitution.