All of the Following Are Liabilities EXCEPT

question 53

Multiple Choice

All of the following are liabilities EXCEPT

• A)accumulated profits not paid in dividends.
• B)accounts payable.
• C)bank loans.
• D)wages payable.

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Definitions:

Zoning Ordinances

Local laws that define how property in specific geographic zones can be used, affecting buildings, structures, and land use.

Variance

A measure of dispersion in statistics, showing how much data points differ from the mean; or an exemption granted from a zoning law.

Amendment

A suggested or actual alteration or augmentation put forth for a legal document, statute, or constitution.

Easement

A right granted to use the property of another for a specific purpose, such as right of way, without owning, possessing, or having any other title to the land.