Meryl Is a Corporate Certified Public Accountant (CPA)working on a New

question 38

Multiple Choice

Meryl is a corporate certified public accountant (CPA) working on a new budget.When she lists the company's liabilities,which of the following will she include?

• A)Computer software
• B)Owners' equity
• C)Marketable securities
• D)Employees' wages and salaries

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Definitions:

Accrued Interest

Interest on a loan or bond that has accumulated but not yet been paid.

Maturity Value

The amount payable to an investor at the end of a fixed term, encompassing the principal and the interest earned or dividends received.

Principal Value

The original sum of money invested or loaned, prior to any earnings, interest, or loss.

Term Deposit

A banking term for a fixed-term investment where money is deposited at an agreed interest rate and cannot be withdrawn until the term has expired without incurring a penalty.