Current Liabilities Could Include All of the Following Except

question 101

Multiple Choice

Current liabilities could include all of the following except:

• A)an accounts payable due in 30 days.
• B)a notes payable due in 9 months.
• C)a bank loan due in 18 months.
• D)any part of long-term debt due during the current period.

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Definitions:

Total Revenue

Total Revenue refers to the total amount of money generated by a business from the sale of its goods or services before any costs are deducted.

Price Elasticity

Measures the responsiveness of the quantity demanded of a good to a change in its price, indicating how changes in price affect consumer demand.

Demand Is Elastic

A condition where the quantity demanded of a good or service is significantly changed due to a change in its price. High elasticity indicates a sensitive reaction to price changes.

Total Revenue

The total amount of money received by a company for its goods or services before any expenses are subtracted.