Which of the Following Types of Liabilities Is Least Likely

question 31

Multiple Choice

Which of the following types of liabilities is least likely to appear in the balance sheet of a governmental-type fund?

• A)amounts owed to suppliers of goods and services
• B)amounts owed to bondholders over the entire 20-year life of a debt
• C)amounts owed to other funds
• D)amounts owed to employees for services performed before an accounting period ends

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Definitions:

High Tide

The state of the tide when it is at its highest level, typically caused by the gravitational pull of the moon and the sun on the Earth's oceans.

Downcutting

A process by which streams or rivers erode their beds, cutting downwards into the ground and often leading to valley deepening.

Ice Ages

Periods of extensive glacial coverage, where major portions of the Earth's surface are covered by ice sheets.

Delta

A landform at the mouth of a river, formed from the deposition of sediment carried by the river as it enters slower-moving or standing water.