All of the Following Accounts Are Considered to Be Current

question 146

Multiple Choice

All of the following accounts are considered to be current liabilities on the balance sheet except:

• A)accounts receivable
• B)accounts payable
• C)accruals
• D)notes payable
• E)all of the above are current liabilities

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Definitions:

Reshoring

The practice of bringing manufacturing and production back to a company's original country from overseas to improve control and reduce costs.

Global Sourcing

The practice of sourcing goods and services from the global market, exploiting global efficiencies in the cost and quality of products and services.

Buy America

A set of legal requirements in the United States that mandates the use of American-made products in various construction projects financed by federal funds.

Energy Costs

Expenses associated with the consumption of energy, including electricity, gas, and other fuels, crucial for the operation of businesses and households.