Match Each of the Following Current Liabilities with Its Meaning

question 25

Multiple Choice

Match each of the following current liabilities with its meaning.
-Amounts owed for purchases on credit.

• A)Account payable
• B)Note payable
• C)Wages payable
• D)Interest payable
• E)Sales taxes payable
• F)FICA taxes payable
• G)Unemployment taxes payable
• H)Unearned sales revenues
• I)Estimated warranty liability

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Definitions:

File Compression

File compression is the process of using algorithms to reduce the size of files and folders, making them easier to store and share.

Redundancies

Elements or systems that are duplicated and can function as backups to prevent failure in the primary system.

Utility

Software designed to help analyze, configure, optimize, or maintain a computer, network, or any other software/hardware performance.

Organizational Structure

Describes how activities such as task allocation, coordination, and supervision are directed toward the achievement of organizational aims.