A Liability,such as Warranties Payable,would Be an Example of A(n)

question 72

Multiple Choice

A liability,such as warranties payable,would be an example of a(n) :

• A)contingent liability.
• B)estimated liability.
• C)known liability.
• D)accrued liability.

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Definitions:

Corporate Sales

The total volume of sales generated by a business or organization from its commercial activities.

Social Audit

An evaluation of an organization's impact on society and its sustainability practices.

Financial Audit

An objective examination and evaluation of a company's financial statements to ensure they are accurate and comply with accounting standards.

Action Plan

A detailed strategy outlining the steps, resources, and timeline needed to achieve specific goals or objectives.