Which of the Following Accounts Is an Example of a Liability

question 42

Multiple Choice

Which of the following accounts is an example of a liability?

• A) Service revenue
• B) Building
• C) Accounts receivable
• D) Notes payable

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Definitions:

Pain

A distressing sensation and emotional experience linked to actual or potential tissue damage.

Unpleasant Events

Events or occurrences that cause discomfort, distress, or unhappiness to an individual or group.

Cognitive Dissonance

A psychological phenomenon where there is discomfort from holding conflicting beliefs, values, or attitudes.

Leonard Berkowitz

An American social psychologist known for his research on aggression, proposing the cognitive neoassociation model of aggressive behavior.