Which of the Following Is Not a Liability from Accounting

question 36

Multiple Choice

Which of the following is not a liability from accounting purposes?

• A)An amount which must be paid to a business that sold you some supplies
• B)You promise to increase wages in the coming year by $1 per hour.
• C)You borrow $100,000 to buy a new piece of equipment
• D)Your workers have worked all week and you will pay them next Wednesday.

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Definitions:

Cultural Phenomenon

Any aspect, trend, or activity that significantly influences or characterizes the social practices, beliefs, and behaviors of a society or a specific time period.

Deliberate System

This pertains to a cognitive processing system that is conscious, analytical, and controlled, requiring effort and attention.

Automatic System

A type of cognitive processing that is fast, unconscious, and requires little effort, often contrasted with controlled processing.

Meaning Of Life

A philosophical inquiry concerning the significance, purpose, and ultimate value of human existence.