If a Payment of Principal Is Due in 13 Months

question 89

Multiple Choice

If a payment of principal is due in 13 months on a long-term liability,that payment will now appear as:

• A) a current liability.
• B) long-term debt.
• C) cash.
• D)interest expense

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Definitions:

Organizational Culture

Refers to the shared values, beliefs, and norms that influence how employees act and interact within an organization.

Hierarchical

Relating to a system that ranks positions in a graded order, typically from highest to lowest.

General Types

Broad categories or classifications used to group entities based on shared characteristics or attributes.

Organizational Culture

The common principles, convictions, and customs that define an organization and shape the actions of its members.