The First Item Listed Under Current Liabilities Is Usually

question 25

Multiple Choice

The first item listed under current liabilities is usually

• A) accounts payable.
• B) notes payable.
• C) salaries and wages payable.
• D) taxes payable.

---

Definitions:

Present Discounted Value

The current value of a future sum of money or stream of cash flows given a specified rate of return.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, usually expressed as a percentage of the principal.

Education Expenses

Costs associated with education, including tuition, books, and supplies, among others.

Interest Rate

The cost of borrowing money or the return on investment for savings and loans, usually expressed as a percentage.