Accounts payable is a ________
A) long-term liability
B) current asset
C) long-term asset
D) current liability
Answer: D
You might also like to view...
Cash is a temporary account
Indicate whether the statement is true or false
Identify and describe the three categories of cash flows reported on the statement of cash flows. What problems have been noted related to this classification system?
What will be an ideal response?
The court will not allow any claim that:
a. is unenforceable against the debtor or her property. b. is for insider or attorney services in excess of the reasonable value of such services. c. may be offset against a debt owing the debtor. d. All of these.
Which of the following is least likely to occur during a "hard" insurance market period?
A) difficulty in obtaining insurance B) tightening underwriting standards C) higher insurer profits D) increasing premiums