"A Present Obligation of the Entity Arising from Past Events,the

question 29

Multiple Choice

"A present obligation of the entity arising from past events,the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits" is the definition of:

• A)an expense
• B)a liability
• C)equity
• D)revenue

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Definitions:

Pulmonary Trunk

The major blood vessel that originates from the right ventricle of the heart and bifurcates into the right and left pulmonary arteries, carrying deoxygenated blood to the lungs.

Pulmonary Artery

The pulmonary artery is a large blood vessel that transports deoxygenated blood from the right ventricle of the heart to the lungs for oxygenation.

Pulmonary Vein

A blood vessel that carries oxygenated blood from the lungs back to the left atrium of the heart.

Cerebral Arterial Circle

A circulatory anastomosis that supplies blood to the brain and surrounding structures, also known as the Circle of Willis.