Which of the Following Would Be Considered a Long-Term Liability

question 45

Multiple Choice

Which of the following would be considered a long-term liability?

• A)A charge accountpayment
• B)A mortgage
• C)An installment loan
• D)An amount due for taxes
• E)The amount due on a credit card

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Definitions:

Family Histories

Detailed records of health, illnesses, and medical conditions that run in families, which can indicate patterns or risks for genetic diseases.

Myocardial Infarction

A medical condition commonly known as a heart attack, resulting from the interruption of blood flow to a part of the heart, causing heart cells to die.

Heart Attack

A medical condition that occurs when the blood supply to a part of the heart is interrupted, causing heart cells to die.

Malignant Tumor

A cancerous growth that can invade and destroy surrounding tissue and has the potential to spread to other parts of the body.