A Delivery Company Is Creating a Balance Sheet

question 44

Multiple Choice

A delivery company is creating a balance sheet. Which of the following would most likely be considered a short-term liability on this balance sheet?

• A) prepaid rent on the offices occupied by the company
• B) the depreciation over the last year in the value of the vehicles owned by the company
• C) a loan which must be paid back in two years' time
• D) revenue received for the delivery of items that have not yet been delivered

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Definitions:

Participate

To take part or become involved in an activity or event.

Assent

A form of agreement or approval, particularly in situations where the consent of a minor is obtained in addition to parental consent.

Scientific Integrity

Adherence to ethical principles and professional standards necessary for the conduct of research and the dissemination of its findings.

Ethical Principle

A foundation of guidelines for making moral decisions, typically used to address questions of fairness, justice, and rights.