Which of the Following Liabilities Is Often Referred to as "Free

question 23

Multiple Choice

Which of the following liabilities is often referred to as "free debt" because it rarely carries any interest if paid within a specified period of time?

• A)line of credit
• B)working capital loan
• C)accounts payable
• D)None of the above-all current liabilities carry an interest rate.

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Definitions:

Experience

The knowledge or mastery of an event or subject gained through involvement in or exposure to it.

Relationship

The way in which two or more people, groups, or countries interact and behave towards each other.

Sender

A person or group trying to communicate with someone else.

Receiver

The individual or group of individuals to whom a message is directed.