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:

Fish Population

Refers to the number of fish within a specific ecosystem or area, often considered in terms of species diversity and biomass.

Cetacean

Refers to a group of marine mammals that include whales, dolphins, and porpoises, characterized by their fully aquatic lifestyle and large brain size.

Porpoise

A small cetacean of the family Phocoenidae, similar in appearance to a dolphin but with a shorter, rounded snout.

Purple Loosestrife

An invasive plant species with tall spikes of purple flowers, often found in wetlands, affecting native habitats and biodiversity.