Which of the Following May Be a Liability of a Business

question 35

Multiple Choice

Which of the following may be a liability of a business enterprise?

• A) Share capital
• B) Wages payable
• C) Retained profits
• D) Marketable security

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Definitions:

Public Assistance

Government-provided support aimed at individuals or households with inadequate or no income.

Social Insurance

A government-sponsored program aimed at providing financial assistance to individuals in events of unemployment, disability, or old age.

National-Average Poverty Rates

The proportion of the population that lives below the poverty line, averaged across a nation, indicating the level of economic hardship and inequality.

Hispanics

A demographic group in the United States and other countries, often characterized by a heritage, language, or culture related to Spain or Spanish-speaking Latin American countries.