Which of the following statements regarding Accounts Payable is incorrect?
A) The Accounts Payable account is decreased with a credit.
B) Accounts payable occur because the business receives the goods or services before payment has
been made.
C) Because accounts payable are typically due in 30 days, they are current liabilities.
D) Accounts payable represent debts owed to creditors.
A) The Accounts Payable account is decreased with a credit.
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Indicate whether the statement is true or false
A pinch situation is one in which ______.
a. there is a conflict over values though not over group goals b. the team finds itself evenly divided between two major directions c. a conflict between team members has the capacity to derail a project d. there is a difference between people regarding expectations, values, opinions, or goals
Which of the following is the MOST accurate statement concerning conciseness?
a. To prepare a concise passage, include only those details that the receiver needs, and state those details in the fewest possible words. b. Conciseness means that the writer should use as few words as possible when composing a message. c. Conciseness results in weakly worded passages that indicate poor writing skills. d. Conciseness is not recommended in formal business documents, such as business reports, because full disclosure is needed in such situations.
Choose the correct word or words in parentheses. This year, (fewer, less) students will graduate with a degree in business