Which of the Following Would Not Be Defined as a Liability

question 38

Multiple Choice

Which of the following would not be defined as a liability under the Conceptual Framework?

• A) Salaries owing to managers.
• B) A loan from a financial institution.
• C) Money owing to a supplier for goods purchased.
• D) An arrangement to pay a quarterly bonus commission to salespersons for achieving sales over a certain level.

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Definitions:

Melanoma

A form of skin cancer originating from melanocytes, which are cells responsible for pigment production.

Macule

A discolored spot or patch on the skin neither elevated nor depressed.

Skin Lesion

Any change in the color or texture of the skin, often regarded as an abnormality, ranging from rashes and blisters to tumors.

Bulla

A large blister containing serous fluid that appears on the skin, often as a result of burns, infections, or other skin conditions.