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

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Definitions:

Professional Polish

The level of sophistication, grooming, and manners expected in a professional setting, contributing to a positive image.

Note Taking System

Organized methods for recording information from lectures, readings, or other sources for review and study purposes.

Informal Outlines

A loosely structured guide for organizing thoughts and arguments before writing, often bulleted or noted in brief phrases.

Cornell System

A systematic method of note-taking involving the division of a page into three sections: cues, notes, and summary, to organize and review notes efficiently.