Accounts Payable, Accrued Expenses, 2-Year Notes Payable, and 90-Day Notes

question 46

True/False

Accounts payable, accrued expenses, 2-year notes payable, and 90-day notes are all short-term liabilities.

---

Definitions:

Isotopic Age

The determination of the age of a mineral, rock, or geologic event based on the ratio of parent isotopes to daughter isotopes within a given system.

Geologic Timescale

A dating system used chronologically by geologists and other scientists to detail the timing and relationships of historical events on Earth.

Unconformity

A geological feature that represents a gap in the geological record, marking a period where deposition stopped, eroded, then resumed.

Mesozoic

A geological era that spanned from about 252 to 66 million years ago, including the Triassic, Jurassic, and Cretaceous periods.