ABC Tools Received Goods or Services from a Supplier and Agrees

question 53

Multiple Choice

ABC Tools received goods or services from a supplier and agrees to pay for them at a later date.This arrangement is called

• A)a short-term loan.
• B)a repurchase agreement.
• C)trade credit.
• D)commercial credit.

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Definitions:

Changes

Alterations, modifications, or transformations in something or someone over time.

Expression

The process of making known one's thoughts or feelings, or the manifestation of a characteristic, genetic trait, or piece of information.

Niche Construction

The process by which organisms actively modify their environment or create new environments, affecting their own and other species' evolution.

Organisms

Living entities, such as plants, animals, fungi, and microorganisms, that are capable of reproducing and responding to environmental stimuli.