Which of the Following Statements Is True with Respect to Long-Term

question 94

Multiple Choice

Which of the following statements is true with respect to long-term liabilities?

• A)They are obligations that will be satisfied within one year.
• B)An account payable is a good example of a long-term liability because it is interest-bearing.
• C)Long-term liabilities include bonds,other long-term liabilities,and deferred income taxes.
• D)Accrued expenses are considered to be long-term liabilities.

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Definitions:

Sensation

The process by which our sensory receptors and nervous system receive stimuli from our environment, an initial step in perception.

Cornea

The transparent front part of the eye that covers the iris, pupil, and anterior chamber, contributing to the eye's ability to focus.

Lens

in psychology, it often refers to the perspective or viewpoint through which an individual sees and interprets the world.

Aqueous Humor

A clear, watery fluid found in the eye, between the lens and the cornea, which helps to maintain intraocular pressure and provide nutrients.