To Which Balance Sheet Grouping Does the Item 'Accounts Payable

question 52

Multiple Choice

To which balance sheet grouping does the item 'accounts payable' belong?

• A) Current asset
• B) Noncurrent asset
• C) Current liability
• D) Noncurrent liability

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Definitions:

Interval Reinforcement

A conditioning schedule where a response is rewarded after a variable amount of time has passed, in behavioral psychology.

Schedule of Reinforcement

A strategy in behavioral psychology determining when and how often a response will be reinforced.

Reinforcement

A process in behavioral psychology that increases the likelihood of a response by adding or removing a stimulus after the behavior.

Schedule

A plan that designates specific times at which certain tasks or events should occur.