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:

Corporate Charters

Official documents issued by a government, granting rights and privileges to a corporation to conduct business.

Market Economy

A market economy is an economic system where decisions regarding investment, production, and distribution are based on the interplay of supply and demand, and prices of goods and services are determined in a free price system.

Capital

In economics, refers to wealth in the form of money or assets owned by an individual or organization. In the context of cities, it refers to the seat of government for a region or country.