Which Is Not an Example of a Financial Liability

question 29

Multiple Choice

Which is not an example of a financial liability?

• A)Payment to supplier for raw material received.
• B)Obligation to repay a US dollar bank loan.
• C)Obligation under a finance lease.
• D)Obligation under a customer loyalty program.

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Definitions:

Sister Chromatids

Two identical copies of a chromosome that are connected by a centromere, formed during DNA replication and separated during cell division.

Tay-Sachs Disease

A genetic disorder that destroys nerve cells in the brain and spinal cord, leading to severe neurological impairment.

Lysosomal Enzyme

Enzymes within lysosomes that break down biomolecules, playing a crucial role in cellular digestion and waste removal.

Brain Cell

A general term for any of the cells found within the brain including neurons that process and transmit information, and glial cells that provide support and protection for neurons.