Which of the Following Accounts Appear in the Liabilities Section

question 19

Multiple Choice

Which of the following accounts appear in the liabilities section of the balance sheet?

• A)Accounts payable,notes payable,allowance for doubtful accounts
• B)Warranties payable,discount on notes payable,accounts payable
• C)Notes payable,discount on notes payable,credit card receivables
• D)Accounts payable,allowance for doubtful accounts,warranties payable

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Definitions:

Discount Rate

The interest rate used to discount future cash flows to their present value, often reflecting the risk or cost of capital.

Payback Period

The amount of time it takes for an investment to generate an amount of income or cash equivalent to the cost of the investment.

Hurdle Rate

The minimum rate of return on an investment that a company or investor expects to earn, used as a benchmark for funding projects.

Capital Outlay

Expenditure for acquiring, maintaining, or improving fixed assets such as buildings, equipment, or land, that have a long-term use or value.