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:

Sufficient Condition

A condition that, if satisfied, guarantees the occurrence or validity of another event or condition.

Methods of Agreement and Difference

Scientific research methods used to determine the cause of a phenomenon by examining cases where the phenomenon does and does not occur.

Method of Agreement

A principle in comparative research where common factors of various instances of a phenomenon are identified to determine the cause.

Cohort Differences

Refers to the distinctions or variations in characteristics, attitudes, or behaviors among groups of individuals who share a particular demographic background or experience period.