Which of the following are non-financial claims?

Question

Quizplus · Accepted Answer

Both pension obligations and taxes payable are non-financial claims because they represent obligations to parties other than external lenders or suppliers. Notes payable, on the other hand, is a financial claim because it represents an obligation to external lenders. Pension obligations and taxes payable are non-financial claims as they represent obligations to pay future benefits/amounts rather than a direct financial obligation to repay a loan or credit. Notes payable, on the other hand, is a financial claim as it represents a direct obligation to repay a loan or credit.

Which of the Following Are Non-Financial Claims