Liabilities

question 90

Multiple Choice

Liabilities:

• A) Can be reliably estimated.
• B) Must be certain.
• C) Must be for a specific amount.
• D) Must have a date for payment.
• E) Must have a known payeE.

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Definitions:

Maximum Number

The highest value or quantity that is achievable or allowed in a given set or range of values.

Vertical Intercept

The point at which a curve hits the vertical axis; it shows the value of the y-variable when the value of the x-variable is zero.

X-variable

A variable representing an unknown or unspecified quantity in mathematical functions or equations.

Y-variable

In a coordinate system, it represents the dependent variable, whose value depends on that of another variable (usually the x-variable).