Financial Liabilities Include All of the Following Except

question 29

Multiple Choice

Financial liabilities include all of the following except:

• A) mortgages payable
• B) current maturities of long-term debt
• C) accrued taxes
• D) bonds payable

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Definitions:

Ex-spouse

A term referring to a former husband or wife from whom one is divorced.

Alimony

Monetary payments by one ex-spouse to the other after a divorce (sometimes called spousal maintenance).

Psychic

A person who claims to use extrasensory perception (ESP) to identify information hidden from the normal senses, or someone deeply sensitive to spiritual forces.

Establish Separate

To create or set up something (such as a unit, institution, or residence) to function independently or in a newly segregated manner.