Estimated Liabilities: Definition & Types


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question 1 of 3

What is the definition of liabilities?

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1. Which of the following statements is TRUE regarding estimated liabilities?

2. Why are retirement liabilities considered estimated liabilities?

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About This Quiz & Worksheet

This quiz and worksheet combo helps gauge your knowledge of the different types of estimated liabilities. Topics you will need to know for the quiz include retirement liabilities and warranties.

Quiz & Worksheet Goals

Use this worksheet and quiz combo to check your knowledge of:

  • Property taxes
  • Warranties
  • Retirement liabilities
  • Definition of liabilities

Skills Practiced

Using this worksheet and quiz, students can test out the following skills:

  • Critical thinking - apply relevant concepts to examine information about liabilities in a different light
  • Interpreting information - verify that you can read information regarding property taxes and interpret it correctly
  • Information recall - access the knowledge you have gained regarding the different types of estimated liabilities

Additional Learning

To learn more about estimated liabilities, review the corresponding lesson titled Estimated Liabilities: Definition & Types. This lesson will help you:

  • Determine what liabilities are
  • Identify the different types of estimated liabilities
  • Understand why warranties are considered estimated liabilities