Accounts Payable Appear on Which of the Following Statements

question 76

Multiple Choice

Accounts payable appear on which of the following statements?

• A)Balance sheet.
• B)Income statement.
• C)Statement of owner's equity.
• D)Statement of cash flows.
• E)Transaction statement.

---

Definitions:

Discount Rate

The interest rate charged by central banks on loans offered to commercial banks or the rate used to discount future cash flows to present value.

Required Reserve Ratios

These are central bank regulations set on the minimum amount of reserves that commercial banks must hold against deposits.

Excess Reserves

The reserves held by banks over and above the legal reserve requirement set by the central bank or regulatory authority.

Actual Reserves

The total amount of funds or commodities a bank holds at a given time, including both required and excess reserves.