Examlex
Which of the following is a disadvantage of custom system development?
Salaries and Wages Payable
Salaries and wages payable are current liabilities recorded on a company's balance sheet, representing the amount owed to employees for work performed that has not yet been paid.
Taxes Payable
Liabilities owed to government entities, representing taxes due to be paid by individuals or organizations.
Property Plant and Equipment
Long-term tangible assets held for business use and not expected to be converted to cash in the upcoming year.
Total Assets
The sum of all resources owned by a company as reflected on the balance sheet, including both current and non-current assets.
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