Estimated liabilities commonly arise from all of the following except:
A)Warranties.
B)Vacation benefits.
C)Pension benefits.
D)Employee benefits.
E)Unearned revenues.

Question

Quizplus · Accepted Answer

Estimated liabilities commonly arise from warranties, vacation benefits, pension benefits, and employee benefits. Unearned revenues are not liabilities; they are advances from customers for goods or services that have not yet been delivered.

Estimated Liabilities Commonly Arise from All of the Following Except