Which of the Following Is a Liability Account

question 93

Multiple Choice

Which of the following is a liability account?

• A) Accounts Payable
• B) Prepaid Expense
• C) Salaries Expense
• D) Service Revenue

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Definitions:

Independent Variable

An independent variable is a variable that is manipulated or varied by the researcher to investigate its effect on the dependent variable in an experiment.

Dependent Variable

A variable in experimental research that is expected to change as a result of manipulations of the independent variable.

Spurious Relationship

A relationship where two variables seem to be related to each other, but in reality, their association is caused by a third variable or by chance.

Research Hypothesis

A specific, testable prediction about what you expect to happen in your study, often based on theoretical expectations or previous research.