Read the following articles:

"Non-Interest-Bearing Current Liability (NIBCL)" https://www.investopedia.com/terms/n/nibcl.asp#:~:text=A%20non%2Dinterest%20bearing%20current,expenses%20such%20as%20account%20receivables

"North American surety: Protecting your reclamation liability" https://www.willistowerswatson.com/en-SA/insights/2017/09/mining-risk-review-north-american-surety-protecting-your-reclamation-liability

"What does it mean when airline revenues are adjusted for air traffic liability?" https://www.investopedia.com/ask/answers/061615/what-does-it-mean-when-airline-revenues-are-adjusted-air-traffic-liability.asp

and answer the two questions below:

1.For each of the preceding liabilities, write brief explanation of what you believe the nature of the liability to be, and how the company will pay it off. To develop your answers, think about the nature of the industry in which each of the companies operates.

2.Of the three liabilities described, which do you think poses the most risk for the company? In other words, for which liability are actual costs most likely to exceed the liability reported on the balance sheet? Uncertainty creates risk.