Which of the Following Is an Example of a Current

question 47

Multiple Choice

Which of the following is an example of a current liability?

• A) Accounts payable
• B) Accounts receivable
• C) Equipment
• D) Fixtures
• E) Merchandise

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Definitions:

Assertive Communication

A style of expressing oneself confidently and respectfully while standing up for personal rights and needs.

Personal Rights

The basic entitlements and freedoms that belong to every individual, safeguarding personal freedoms, dignity, and equality under the law.

Aggressive

Behavior characterized by assertiveness, boldness, or a readiness to challenge or confront, sometimes leading to conflict.

Passive

A behavior or attitude characterized by submission or a lack of active response or resistance.