A Liability Is a Probable Future Payment of Assets or Services

question 17

True/False

A liability is a probable future payment of assets or services that a company is presently obligated to make as a result of past transactions or events.

---

Definitions:

Status Bar

An area at the bottom of an application window that displays information about the current state of the program, such as cursor position or progress indicators.

Line Spacing

The distance between lines of text in a document, which can be adjusted to improve readability or fit more text on a page.

Font Size

The measure of how large or small the text appears in a document or webpage, often adjustable by the user.

Change Font

The process of altering the style, size, and appearance of textual characters in a document or application interface.