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Classify each of the following items as either:
a.Estimated liability
b.Contingent liability
c.Current liability that is neither a nor b
1.Lawsuit against the company
2.Warranty on products sold this year
3.Accounts payable
4.Income taxes payable
5.Vacation benefits
6.Accrued wages payable
7.Debt guarantees
8.Property taxes payable
9.Payroll taxes payable
10.Unearned revenues
Muscle Flexibility
The ability of a muscle to lengthen, allowing a joint to move through its full range of motion.
Yoga
A group of physical, mental, and spiritual practices originating in ancient India, aimed at achieving tranquility and insight.
Tai Chi
A Chinese martial art known for its slow, graceful movements and its benefits for physical and mental health.
Muscle Strength
The ability of a muscle or group of muscles to exert force against resistance, important for physical health and performance.
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