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 the choices are correct.

Question

Quizplus · Accepted Answer

Known liabilities include accounts payable, notes payable, and payroll, which are all examples of obligations set by agreements, contracts, or laws that are measurable and definitely determinable. Therefore, all the choices are correct.

Known Liabilities