Doing Something Illegal Also Means That You Are Doing Something

question 11

True/False

Doing something illegal also means that you are doing something unethical.

---

Definitions:

Accounts Receivable

Amounts due from clients to a business for goods or services already delivered but yet to be paid for.

Income Tax Payable

A liability account on a company's balance sheet representing the amount of income taxes owed to various governmental entities but not yet paid.

Accrued Expenses Payable

Liabilities recorded on the books for expenses that have been incurred but not yet paid.

Accounts Payable

Liabilities of a business that are owed to creditors and suppliers, typically for purchases made on credit.