Which of the Following Liability Accounts Is Usually NOT an Accrued

question 99

Multiple Choice

Which of the following liability accounts is usually NOT an accrued liability:

• A)Warranties Payable.
• B)Wages Payable.
• C)Taxes Payable.
• D)Notes Payable.

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Definitions:

Incentive Programs

Plans designed to motivate and encourage specific behaviors or actions, such as purchasing more products or improving employee performance.

Sophisticated

Characterized by refined taste, manners, or intellectual understanding, often through experience or education.

Trade-Oriented Sales Promotions

Sales tools used to support a company’s advertising and personal selling directed to wholesalers, distributors, or retailers. Also called trade promotions.

Advertising

The action of calling public attention to products, services, or events through paid announcements by an identified sponsor.