Which of the Following Is NOT an Exact Liability

question 77

Multiple Choice

Which of the following is NOT an exact liability?

• A) FICA tax payable
• B) Income tax payable
• C) Warranty payable
• D) Accounts payable

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Definitions:

Circulation

The movement or flow of fluids (such as blood, air, or water) or gases in a loop or system, often referring to the movement within a closed system.

Heat Energy

The form of energy that is transferred between two substances at different temperatures, manifesting as thermal energy in the process of its transfer.

Frozen

The state of being solidified by cold temperatures, or metaphorically, immobilized by circumstances.