Which of the following statements is true with respect to long-term liabilities?

a. They are obligations that will be satisfied within one year.
b. An account payable is a good example of a long-term liability because it is interest-bearing.
c. Long-term liabilities include bonds, other long-term liabilities and deferred income taxes.
d. Accrued expenses are considered to be long-term liabilities.


c

Business

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Bree went into her performance appraisal interview expecting to hear what a great performer she was and that she was getting a promotion. Instead, her manager pointed out some important areas in which Bree needed to improve if she wanted to continue to advance in the organization. As a result, Bree plans to focus on those areas of improvement in hopes of getting the promotion next year. This is an example of the _______ reason for conducting performance appraisals.

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