Liability arising out of work performed by independent ...

[mydiamond]

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.

[chloejackso]

Answer to Question 1

Answer: B

Answer to Question 2

C

[mydiamond]

Thanks for the timely response, appreciate it

[Viet Thy]

Gracias!