Known liabilities:
A) Include accounts payable, notes payable, and payroll.
B) Are obligations set by agreements, contracts, or laws.
C) Are measurable.
D) Are definitely determinable.
E) All of these.

Question

Quizplus · Accepted Answer

Known liabilities include accounts payable, notes payable, and payroll, which are all obligations set by agreements, contracts, or laws. They are also measurable and definitely determinable, making Option E the correct answer.

Known Liabilities