Which of the Following Is an Example of a Liability

question 50

Multiple Choice

Which of the following is an example of a liability account?

• A)Cash
• B)Payroll Taxes Expense
• C)Salaries and Wages Expense
• D)FUTA Payable

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Definitions:

Management Function

Activities carried out by managers in an organization such as planning, organizing, leading, and controlling to achieve business objectives.

Constraining

The act of limiting or restricting some process or activity.

Management Function

This involves the processes and activities of planning, organizing, leading, and controlling an organization to achieve its objectives.

Establishing Objectives

The process of defining specific, measurable goals that a company or individual plans to achieve.