menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 9: Current Liabilities and Long-Term Debt
  5. Question
    One Type of Liability That Is Easy to Overlook Is
Solved

One Type of Liability That Is Easy to Overlook Is

Question 87

Question 87

Multiple Choice

One type of liability that is easy to overlook is a(n) :


A) tax liability.
B) note payable.
C) account payable.
D) contingent liability.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q82: State sales tax collected by a company

Q83: Which of the following would NOT be

Q84: The debt ratio equals total assets divided

Q85: Bonds that are backed by collateral are:<br>A)unsecured

Q86: If the market rate of interest is

Q88: Warranty expense must be estimated and matched

Q89: Leases that are treated as financed purchases

Q90: Marla Smith, an employee of Clown College,

Q91: The amount that a borrower must pay

Q92: A contingent liability arises because of a

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines