Which of the following is an estimated liability?
A) Notes Payable
B) Redemption Rewards Liability
C) Provincial Sales Tax Payable
D) Unearned Revenue

Name: Which of the following is an estimated liability? A) Notes Payable B) Redemption Rewards Liability C) Provincial Sales Tax Payable D) Unearned Revenue
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Question

Quizplus · Accepted Answer

Redemption Rewards Liability is an estimated liability because it involves future obligations that are uncertain in amount and timing, often based on customer behavior or redemption rates.

Which of the Following Is an Estimated Liability