Which of the Following Is NOT an Example of a Liability

question 24

Multiple Choice

Which of the following is NOT an example of a liability?

• A) Provisions for long service leave
• B) Share capital
• C) Accounts payable
• D) Loan payable

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Definitions:

Half-lives

The time required for half of a particular substance or entity to undergo a process, such as radioactive decay.

Dike Unit

A geological feature consisting of a vertical or steeply inclined sheet of rock that formed from magma intruding into cracks or fissures within the earth's crust.

Mortality Table

A statistical table showing the probability of death for individuals at each age, used by insurance companies to determine premiums.

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.