Which of the Following Is Not a Long-Term Liability Account

question 49

Multiple Choice

Which of the following is not a long-term liability account with a high risk of material misstatement?

• A)Warranty reserves.
• B)Pension obligations.
• C)Other postemployment benefits.
• D)Marketable securities.

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Definitions:

Healthy Adults

Individuals above the age of majority who are generally in good physical and mental health, free from major chronic illnesses or disabilities.

Partially Hydrogenated

Refers to oils that have been processed to convert some of their unsaturated fats into saturated fats, often increasing shelf life but also unhealthy trans fats.

Trans Fatty Acids

A type of unhealthy fat that occurs in small amounts in meat and milk products, and in larger amounts in artificially hydrogenated vegetable oils.

Caloric Intake

The total number of calories consumed from foods and beverages over a given time, crucial for managing weight and health.