Which does not meet the definition of a liability *?
Which of the following does NOT meet the FASB's definition of a liability? The signing of a three-year employment contract at a fixed annual salary.
Which of the following is not an example of a current liability?
Terms in this set (34) Which of the following is not an example of a current liability? Dividends Payable.
Which is not within the definition of an asset?
Capital contributed by the owner is a liability for the business and to be shown in balance sheet. Its not an asset.
What are liabilities quizlet?
Liabilities. Probable debts or obligations of the entity that result from past transactions, which will be paid with assets or services.