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:

Kame

A geological feature that consists of an irregularly shaped hill or mound composed of sand, gravel, and till, deposited by a melting glacier.

Stratified

Layers of rock, sediment, or other materials that have been laid down successively on top of one another, each layer typically differing in composition or character.

Glacier

A glacier is a large, slow-moving mass of ice, formed from compacted layers of snow, that moves under its own weight.

Sorted

In geological terms, this refers to the process by which particles are separated and deposited according to size and weight by natural agents like water or wind.