Which of the following liabilities does not involve significant subjective judgments?
A)interest payable.
B)warranty reserves.
C)pension benefits.
D)restructuring reserves.

Question

Quizplus · Accepted Answer

Interest payable is a straightforward liability that does not involve significant subjective judgments. The amount owed is based on an agreed-upon interest rate and the outstanding balance of the loan or debt. Warranty reserves, pension benefits, and restructuring reserves all require subjective judgments to determine the appropriate amount to record as a liability.

Which of the Following Liabilities Does Not Involve Significant Subjective