A Deferred Credit Meets the Definition of a Liability Because

question 24

Multiple Choice

A deferred credit meets the definition of a liability because

• A) It is a probable future sacrifice of assets as the result of a past transaction or event.
• B) It is a present obligation to transfer assets to another entity.
• C) It is an accrual representing an obligation to pay money in the future.
• D) It is a present obligation to provide services to another entity.

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Definitions:

Cyberslacking

The act of using company internet and resources for personal activities during work hours, often reducing productivity.

Progressive Discipline

A approach in human resource management where the seriousness of an employee's misconduct influences the severity of the disciplinary action, starting from mild to more severe measures.

Threat of Temporary Suspension

The possibility or risk of being temporarily removed from a position or duty as a disciplinary measure.

Official Written Warning

A documented notice given by an employer to an employee to address a violation or performance issue.