Which of the Following Is an Example of a Liability

question 22

Multiple Choice

Which of the following is an example of a liability where there is no corresponding asset?

• A)A loan owing to a financial institution
• B)A provision for warranties
• C)A provision for decommissioning
• D)A debenture issued by a listed company

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Definitions:

Perspective

A particular attitude towards or way of regarding something; a point of view, often influencing how situations are perceived.

Modifications

Changes or alterations made to a system, device, or software to customize or enhance its performance, appearance, or functionality.

Directory

In older operating systems, an electronic container that holds files and even other directories. Today’s operating systems use the term folder.