Which Is Not an Example of a Non-Financial Liability

question 78

Multiple Choice

Which is not an example of a non-financial liability?

• A)Warranty liability.
• B)Bank loan.
• C)Income taxes payable.
• D)Deferred revenue.

---

Definitions:

Non-Free Trade Credit

Credit arrangements that come with conditions or costs, unlike free trade credit which has no interest or fees for a certain period.

Net Purchases

Net purchases are the total amount of purchases made by a business after subtracting returns, allowances, and discounts.

Cash Conversion Cycle

A measurement that calculates the duration required for a business to transform its inventory investments and additional resources into cash flows resulting from sales.

Accounts Receivable

Money owed to a business by its customers for goods or services provided on credit.