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

question 73

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:

Supplier Goodwill

The positive reputation and relationship a supplier builds over time, which can lead to preferential treatment, better terms, or ongoing business opportunities.

Supply Manager

A professional responsible for managing and overseeing the procurement of goods and services in an organization, including supplier selection and contract negotiation.

Best Estimate

An informed, accurate guess based on available data, used in various contexts to project outcomes or make decisions.

Weighted Point Evaluation System

A decision-making tool that helps businesses evaluate various choices based on a series of criteria, each of which is assigned a different weight based on its importance.