Which of the Following Is Generally Considered to Be a Liability

question 57

Multiple Choice

Which of the following is generally considered to be a liability?

• A) Accounts receivable
• B) Capital stock
• C) Notes payable
• D) Retained earnings

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Definitions:

Condensed Structural Formula

A method of representing molecules wherein the atoms are shown in order but some or all bonds are omitted for simplicity.

COOH

Refers to the carboxyl group, a functional group consisting of a carbon atom double-bonded to an oxygen atom and single-bonded to a hydroxyl group (OH), found in organic acids.

Hexanoic Acid

A colorless, oily fatty acid with an odor that resembles that of goats or other barnyard animals, used in flavoring and manufacturing.

Valeric Acid

A saturated fatty acid with the chemical formula C5H10O2, present in valerian root and used in flavoring.