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:

Bulb

A rounded underground storage organ present in some plants, notable for its role in perennial growth and flowering.

Basic Quality

A fundamental characteristic or attribute that defines or greatly influences something's nature or essence.

Umami

One of the five basic tastes, recognized for its savory or meaty flavor profile, often attributed to the presence of glutamates.

Spicy

Characterized by the presence of flavors derived from spices, often resulting in a sensation of heat when consumed.