Which of the Following Is an Example of a Constructive

question 8

Multiple Choice

Which of the following is an example of a constructive approach?

• A) Day care for children.
• B) Housing subsidies.
• C) Job training.
• D) All of the choices are correct.

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Definitions:

Interest Payable

The amount of interest expense that has been incurred by a company but has not yet been paid to the creditor; it is a liability on the balance sheet.

Current Liability

Obligations that a company needs to settle within one fiscal year or its current operating cycle, whichever is longer, often including accounts payable, short-term loans, and accrued expenses.

Accounts Payable

Amounts a company owes to creditors for items or services purchased on credit.

Mortgage Payable

A liability represented by a legal agreement granting a lender a lien on real estate property as security for the repayment of a loan.