Which Statement Is Correct

question 53

Multiple Choice

Which statement is correct?

• A)HST payable is a financial liability.
• B)Bank overdraft is a non-financial liability.
• C)Unearned revenue is a non-financial liability.
• D)Unearned subscriptions are a financial liability.

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Definitions:

Import Consumers

Individuals or entities that bring goods or services into a country from abroad for domestic consumption.

More Expensive

Describing the condition of having a higher price compared to other options or the past pricing of the same item.

Weaker Peso

A situation where the currency of Mexico, the peso, decreases in value compared to other currencies, affecting international trade and economic conditions within the country.

US Exports

Goods, services, or commodities that are sent from the United States to other countries for sale or trade.