Which of the following is an example of a contingent liability?

a. A liability for notes payable with interest included in the face amount.
b. The liability for future warranty repairs on computers sold during the current period.
c. A lawsuit pending against a restaurant chain for improper preparation of food.
d. A corporate long-term employment contract with the chief executive officer.

c

Business

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Which of the following elements is not valid inside a group element in an XBRL document?

(a) item (b) group (c) value (d) label

Business

Which of the following is NOT included in operating income?

A) Cost of goods sold B) Sales C) Taxes D) Operating expenses

Business