Which of the Following Liabilities Is Created When a Company

question 119

Multiple Choice

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

• A)unearned revenue
• B)accrued liability
• C)accounts payable
• D)estimated warranty payable

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Definitions:

Genetic Predisposition

The likelihood of developing certain traits or diseases based on one's genetic makeup.

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Perform a dance involves executing choreographed movements to music, expressing artistry, emotion, or cultural traditions through bodily motion.

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The ability to move quickly on foot, typically at a speed that significantly exceeds walking pace.

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A developmental stage typically associated with early childhood, characterized by significant growth in physical, cognitive, and social abilities.