Which of the Following Most Likely Is an Estimated Liability

question 192

Multiple Choice

Which of the following most likely is an estimated liability?

• A) Incomes taxes payable
• B) Payroll liabilities
• C) Sales tax payable
• D) Current portion of long-term debt

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Definitions:

Poverty

A condition where individuals or communities lack the financial resources and essentials for a minimum standard of living.

Exchange

The act of trading goods, services, or currencies among parties.

Opportunity Cost

Forfeiting the immediately lesser choice has a cost attached when decisions are being made.

TV Commercials

Short visual advertisements broadcast on television to promote products, services, or ideas to a wide audience.