Consider Accounts Receivable and Accounts Payable

question 139

Multiple Choice

Consider Accounts Receivable and Accounts Payable. Which of the following statements is TRUE?

• A)Accounts Receivable is a liability and Accounts Payable is an asset.
• B)Accounts Receivable is an asset and Accounts Payable is an asset.
• C)Accounts Receivable is an asset and Accounts Payable is a liability.
• D)Accounts Receivable is a liability and Accounts Payable is a liability.

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Definitions:

Alkene

A hydrocarbon that contains at least one carbon-carbon double bond.

Molecular Formula

A notation that shows the number and type of atoms in a molecule but not the bonds or structure.

Alkenes

Unsaturated hydrocarbons containing one or more double bonds, which influence their chemical reactions and properties.

Hydrogenation

The chemical process of adding hydrogen to an organic compound, often to reduce double or triple bonds to single bonds.