Which of the Following Most Likely Is an Estimated Liability

question 157

Multiple Choice

Which of the following most likely is an estimated liability?

• A)Liability for vacation pay
• B)Payroll liabilities
• C)Unearned revenues
• D)Current portion of long-term debt

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Definitions:

Gain-Sharing Plan

A performance-driven compensation strategy where employees receive bonuses based on the company's savings or gains from improved productivity.

Labour Usage Ratios

Measures that compare the amount of labor used to the outputs achieved, helping businesses assess efficiency.

Financially Funded Plans

Employer-sponsored programs designed to provide employees with financial benefits, such as pension plans or health insurance, which are supported by the company's funds.

Organizational Profitability

The ability of an organization to generate more revenue than its expenses, leading to financial gain.