Accrued liabilities could include all of the following except:
A. Income Tax Payable.
B. Interest Payable.
C. Wages and Salaries Payable.
D. Current Portion of Long-Term Debt.
Answer: D
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Bankruptcy petitions cannot be filed by the debtor without the assistance of an attorney or filing service
Indicate whether the statement is true or false
In the context of personal investing, brokerage firms sometimes charge inactivity fees when investors:
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Grill Lovers, a Manufacturing Co that makes gas grills for outdoor cooking, sold several of its grills to Premier Home Company located in a large city. Ferris, who purchased a gas grill from Premier, was seriously injured while grilling steaks outside for a family outing. The injury resulted from a manufacturing defect in the gas line which caused an explosion as he was cooking over the grill. In
a product liability suit based on strict liability, Ferris may bring a law suit against: a. Grill Lovers only. b. Premier only. c. Grill Lovers or Premier. d. none since Ferris does not have a case.