All of the following are typically recognized as accounting liabilities except:
A) Bonds Payable
B) Rental Fees Received in Advance
C) Loan Guarantees
D) Taxes Payable

Question

Quizplus · Accepted Answer

All of the options - A) Bonds Payable, B) Rental Fees Received in Advance, and D) Taxes Payable are typical accounting liabilities. However, loan guarantees are not always recognized as accounting liabilities because they are a contingent liability that may or may not result in an actual liability depending on the outcome of the underlying event.

All of the Following Are Typically Recognized as Accounting Liabilities