Which of the Following Would NOT Be Included as a Liability

question 68

Multiple Choice

Which of the following would NOT be included as a liability in a corporate balance sheet?

• A)Accruals
• B)Notes payable
• C)Accounts payable
• D)Depreciation

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Definitions:

First Great Awakening

A series of Christian revivals that swept through the British American colonies in the mid-18th century, marked by a surge in evangelical fervor and the promotion of a personal, emotional connection with God.

Religious Crisis

A period of turmoil, conflict, or change within a religion or between different religions, often leading to reformations, schisms, or increased hostilities.

Chesapeake Tobacco Plantations

Large agricultural estates located in the Chesapeake region, primarily Virginia and Maryland, where tobacco was the main cash crop during colonial times.

Slaves

Individuals who are legally owned by others and compelled to work without compensation.