Which of the Following Is a Liability Created When a Company

question 45

Multiple Choice

Which of the following is a liability created when a company receives cash for services to be provided in the future?

• A) Unearned revenue
• B) Accrued liability
• C) Service revenue
• D) Estimated warranty payable

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Definitions:

Shared Meanings

Common understandings or interpretations among people that shape communication and social interaction.

Law-enforcing Power

Refers to the authority granted to designated bodies or officials to enforce laws, regulations, and maintain public order.

Executive Branch

The branch of government responsible for implementing and enforcing laws, typically headed by a president or prime minister.

Legislative Branch

The branch of government responsible for creating, amending, and repealing laws.