Refer to the Following List of Liability Balances at December

question 58

Multiple Choice

Refer to the following list of liability balances at December 31,2019. What is the total amount of long-term liabilities?

• A)$55,000
• B)$109,000
• C)$94,000
• D)$40,000

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Definitions:

Opinion Leaders

Influential individuals within a community or industry whose opinions, attitudes, or beliefs can shape the behavior or perceptions of others.

Credence Properties

Qualities of a product or service that are difficult to observe even after purchase and consumption, often requiring expert advice.

Specialized Professionals

Individuals with expertise in a particular area or field, often requiring specific education or training.

Service Quality

A measure of how well a delivered service matches customer expectations, often evaluated through dimensions like reliability, responsiveness, assurance, empathy, and tangibles.