Which of the Following Statements Best Describes a Liability

question 99

Multiple Choice

Which of the following statements best describes a liability?

• A) Any obligation, whether enforceable or not, is a liability.
• B) A liability is an enforceable economic burden or obligation.
• C) A liability is a legal economic benefit.
• D) Deferred income taxes are always shown as liabilities.

---

Definitions:

Mastication

The process of chewing food in preparation for swallowing and digestion.

Medial Pterygoid

A muscle of the jaw involved in the movement of the mandible, contributing to the chewing process.

Hyoid Bone

A horseshoe-shaped bone in the neck that supports the tongue and is the only bone in the body not attached to another bone.

Larynx

The voice box located in the throat, responsible for producing sound, protecting the trachea during swallowing, and regulating airflow.