All of the Following Are Classified as Liabilities Except

question 137

Multiple Choice

All of the following are classified as liabilities except:

• A)Accounts Receivable.
• B)Notes Payable.
• C)Wages Payable.
• D)Accounts Payable.
• E)Taxes Payable.

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Definitions:

Reality

Everything that actually is, as opposed to what merely appears to be, might have been, or is not. A term of metaphysical praise, as in “what is most real is . . .”

Our Senses

The physiological means of perception, including sight, hearing, touch, taste, and smell, through which individuals interact with their environment.

Copernicus

Proposed the heliocentric model of the universe, placing the Sun rather than the Earth at the center.

Biological Evolution

The process through which different kinds of living organisms are thought to have developed from earlier forms during the history of the earth.