Which of the Following Describes a Liability

question 20

Multiple Choice

Which of the following describes a liability?

• A)Future economic benefit
• B)Economic obligations to creditors
• C)Paid-in capital
• D)Investment by owners
• E)Present value of customer future payments

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Definitions:

Shocks

Unexpected or sudden events that disrupt or change the status quo, often necessitating swift adaptation or response.

Turnover

The rate at which employees leave a company and are replaced by new ones, affecting stability and continuity.

Dissatisfied

A feeling of unhappiness or disappointment resulting from unmet expectations or needs.

Withdrawal

The action of removing oneself from participation or engagement in a particular situation, activity, or group, often due to dissatisfaction or conflict.