Definitely determinable liabilities are ________.
A)obligations of an exact amount
B)obligations of an uncertain amount
C)always current liabilities
D)always long-term liabilities

Question

Quizplus · Accepted Answer

Definitely determinable liabilities are obligations of an exact amount, meaning that the exact amount owed is known and can be measured with certainty. Examples include accounts payable, notes payable, and salaries payable.

Definitely Determinable Liabilities Are ________