Charlie Co

question 18

Multiple Choice

Charlie Co.owes $800,000 to Tilly,Inc.from whom Charlie buys its inventory.Which account would Charlie use to report the amount owed?

• A)Cash
• B)Accounts Payable
• C)Notes Payable
• D)Accounts Receivable

---

Definitions:

Increasing Rate

Often refers to a situation where the rate of change of a variable is accelerating; a concept applicable in various economic, financial, and mathematical contexts.

Hemoglobin Molecules

Iron-containing oxygen-transport proteins in the red blood cells.

Recessive Genetic Disease

A disease caused by mutations in both copies of a gene pair in an individual; inheriting only one mutated gene typically results in being a carrier without showing disease symptoms.

Chromosomes 21

One of the 23 pairs of chromosomes in humans; an abnormality in the number of chromosome 21 leads to Down syndrome.