Which of the Following Is an Example of a Long-Term

question 27

Multiple Choice

Which of the following is an example of a long-term liability?

• A) accounts payable
• B) real estate mortgage
• C) accrued expenses
• D) current portion of real estate mortgage
• E) owners' equity

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Definitions:

Medial

Pertaining to or situated toward the midline of the body or a structure.

Exocrine Glands

Glands that release their secretions through ducts either to the external environment or into the digestive tract, unlike endocrine glands, which secrete hormones directly into the bloodstream.

Cystic Fibrosis

A genetic disorder that affects the respiratory, digestive, and reproductive systems, characterized by the production of thick, sticky mucus.

Dominant Gene

A gene that expresses its trait in the phenotype even when heterozygous, overshadowing the effect of a recessive gene if present.