Which of the Following Is Not Considered to Be a Liability

question 167

Multiple Choice

Which of the following is not considered to be a liability?

• A) Wages Payable
• B) Accounts Receivable
• C) Unearned Revenues
• D) Accounts Payable

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Definitions:

Rightness

The quality of being morally correct, justifiable, or acceptable according to ethical principles.

Principle of Effort

The notion that the outcome of one's endeavors is directly related to the amount of effort put in.

Social "Goods"

Benefits or positive outcomes that contribute to the well-being of a society or community, including both tangible resources and intangible elements like justice and safety.