Which One of the Following Balance Sheet Accounts Would Not

question 53

Multiple Choice

Which one of the following balance sheet accounts would not be considered to be a current liability?

• A) account payable
• B) bank notes payable
• C) accrued liabilities
• D) mortgage debt

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Definitions:

Just-World Phenomenon

The cognitive bias to believe that the world is inherently fair and people get what they deserve.

Enslaved People

Enslaved people refers to individuals who are forced to work without freedom or personal rights, typically under harsh conditions, historically or in modern contexts.

Outgroup Homogeneity

The perception that members of a group different from one's own are more similar to each other than are members of one's ingroup.

Other-Race Effect

The tendency to more easily recognize faces of the race that one is most familiar with.