All of the following are examples of legal liabilities except
A) notes payable.
B) sales tax payable.
C) sick pay payable (may be taken as time off).
D) property taxes payable.
C
You might also like to view...
In addition to accuracy, name four other guidelines for writing clearly. Provide an example of each
According to studies mentioned in Chapter 3, linear programming algorithms are considered to be one of the top 10 most important tools of the last century
a. True b. False
Stanley, a bank manager, holds the economic model of social responsibility view. What is he most likely to say about the connection between taxes and social responsibility?
A. Because he is a responsible man, he pays his taxes and does not try to cheat the IRS. B. Although taxes contribute to social welfare, it is only the beginning of his bank's responsibility to society. C. Taxes are a required evil from which he sees very little benefit in his community. D. By making a profit and paying taxes that meet the needs of society, Stanley has fulfilled his social responsibility. E. It is better to make a small profit and therefore pay less taxes than to contribute to social responsibility.
Answer the following statement(s) true (T) or false (F)
Unbiased estimates are considered to be less conservative estimates.