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:

Copyright

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Summarize

to briefly restate the main points or essence of a larger body of information or narrative.

Main Point

The central or most important idea in a discussion, argument, or piece of writing.

Bar Graph

A chart that represents data with rectangular bars with lengths proportional to the values they represent.