Identify each of the liabilities listed below using the following ...

[jon_i]

Identify each of the liabilities listed below using the following code:
 
  a. definitely determinable liability
  b. estimated liability
 
  _______ 1. purchased merchandise on account
  _______ 2. had the employees work all month but won't pay them until next month
  _______ 3. owes the bank interest on an outstanding loan
  _______ 4. withheld 9,000 from the employees' earnings for payroll taxes
  _______ 5. sold 1,000,000 units during the current period and agreed to fix or replace each unit sold if it did not last two years or completely satisfy the customer
  _______ 6. borrowed money from a local bank

Question 2

Application documentation that describes the application and contains instructions for preparing inputs and using outputs is a(n):
 a. operations run manual
  b. user manual
  c. program documentation
  d. systems documentation

[bob]

Answer to Question 1

a, a, a, a, b, a

Answer to Question 2

B

[jon_i]

Thanks for the timely response, appreciate it

[sarah_brady415]

YES! Correct, THANKS for helping me on my review