Which of the Following Statements About Accounts Payable Is Not

question 19

Multiple Choice

Which of the following statements about accounts payable is not true?

• A)They are usually due within 30 to 60 days.
• B)They normally carry implicit interest charges.
• C)There may be a penalty for late payment.
• D)They are typically used to finance inventory purchases.

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Definitions:

Instructional Discourse

The ways in which teachers and students communicate, especially the language and strategies used to impart education.

Formal Education

Structured learning that occurs within an institutional setting like schools or universities, following a set curriculum.

Explicit Education

Education that involves clear, direct instruction and teaching methods, leaving little room for confusion or interpretation.

Discriminate

To differentiate or make distinctions between things; in a social context, it often refers to unjust or prejudicial treatment based on characteristics such as race, gender, age, etc.