All of the Following Are Classified as Liabilities Except

question 269

Multiple Choice

All of the following are classified as liabilities except:

• A)Supplies.
• B)Bonds Payable.
• C)Wages Payable.
• D)Accounts Payable.
• E)Interest Payable.

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Definitions:

Affiliate

A business enterprise located in one state that is directly or indirectly owned and controlled by a company located in another state. Also called foreign subsidiary.

Issuer

An issuer is an entity that releases securities into the market for investors to purchase, often to raise capital for the entity's operations or projects.

Control

refers to having the power to direct the management and policies of a company, often through the ownership of a majority of shares.

Intrastate Issues

Matters or disputes confined within the borders of a single state, not involving or crossing state lines.