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

---

Definitions:

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, attitudes, and preferences.

Marketing

The process of promoting, selling, and distributing a product or service, including market research and advertising to meet consumer needs.

Maslow's Hierarchy

A psychological theory proposed by Abraham Maslow that categorizes human needs into a five-tier model, from basic (physiological) needs to higher-level (self-actualization) needs.

Needs

Fundamental requirements that individuals or groups must have met in order to function or survive.