Which One of the Following Types of Liabilities Is Not

question 54

Multiple Choice

Which one of the following types of liabilities is not currently recognized on balance sheets?

• A)Deferred credits
• B)Constructive obligations
• C)Equitable obligations
• D)Contingent liabilities

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Definitions:

Dizygotic

Referring to twins that develop from two different eggs fertilized by two different sperm, making them genetically distinct, similar to siblings born at different times.

Identical Twins

Twins resulting from the splitting of a single fertilized egg, sharing the same genetic material and often having very similar appearances.

Fraternal Twins

Twins that develop from two different eggs fertilized by separate sperm cells, resulting in siblings that are genetically unique.

Epigenetic

Refers to the study of changes in organisms caused by modification of gene expression rather than alteration of the genetic code itself.