Examlex
In the figure above, item 2 is pointing to the ____.
Accounts Payable
A bookkeeping record indicating a business's responsibility to settle a short-term financial liability with its lenders or vendors.
Marketable Securities
Financial instruments and assets that can be easily converted into cash, typically with a maturity of less than one year.
Warranty Expense
Costs that a company expects to incur under its product warranty promises, recognized as a liability at the time of sale.
Warranty Repairs
Services provided to fix or replace defective goods within a specified period as promised by a warranty agreement.
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