Author Question: Liability arising out of work performed by independent contractors is referred to as A) ... (Read 93 times)

mydiamond · **on:** Jul 11, 2018

Liability arising out of work performed by independent contractors is referred to as

A) contractual liability.
B) contingent liability.
C) care, custody, and control liability.
D) customer's liability.

Question 2

The ________ measure a firm's performance over a specified period of time whereas a ________ provides a snapshot of the firm as of a specific date.

A) income and balance sheets; cash flow statement
B) balance sheet and cash flow statement; income statement
C) income and cash flow statements; balance sheet
D) None of the choices are correct.