Which of the Following Events Does Not Create a Liability

question 5

Multiple Choice

Which of the following events does not create a liability?

• A)Buying goods and services on credit
• B)Obtaining a short-term loan
• C)Issuing long-term debt
• D)Remitting sales tax to the government

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Definitions:

Erikson

Refers to Erik Erikson, a psychologist known for his theory on the psychosocial development of individuals across the lifespan.

Intimacy Versus Isolation

Erikson’s sixth psychosocial stage in which individuals demonstrate the capacity to feel closeness and bond with another individual to make a permanent commitment to a romantic partner.

Romantic Partner

An individual with whom one shares a significant, often affectionate or loving, relationship.

Stepparents

Adults who become parents through marrying or partnering with individuals who have children from a previous relationship, rather than biologically.