Match Each of the Following Current Liabilities with Its Meaning

question 130

Multiple Choice

Match each of the following current liabilities with its meaning.
-federal income taxes

• A)account payable
• B)note payable
• C)wages payable
• D)interest payable
• E)sales taxes payable
• F)CPP payable
• G)employment taxes payable
• H)unearned sales revenues
• I)estimated warranty liability

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Definitions:

Unauthorized Entry

Accessing a place or a system without permission or legal right.

Tort Against Property

Legal wrongs committed against someone's property, which can include damage, unauthorized use, or interference.

Trespass

An unauthorized intrusion on a person's property or rights, which can involve entering someone's land without permission or interfering with their possessions.

Personal Property

Assets or belongings that are not permanently fixed to one location, such as furniture, vehicles, and electronic devices, as opposed to real property like land or buildings.