A Delivery Company Is Creating a Balance Sheet

question 15

Multiple Choice

A delivery company is creating a balance sheet.Which of the following would most likely be considered a short-term liability on this balance sheet?

• A)the depreciation over the last year in the value of the vehicles owned by the company
• B)revenue received for the delivery of items that have not yet been delivered
• C)a loan which must paid back in two years' time
• D)prepaid rent on the offices occupied by the company

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Definitions:

Long-term Relationship

A relationship, typically romantic or professional, that is built and maintained over an extended period, characterized by mutual respect, loyalty, and commitment.

Caring Attitude

Demonstrating genuine concern and empathy towards others’ feelings and needs.

Groupthink

A psychological phenomenon that occurs within a group of people when the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Control of Attitude

The ability to regulate one's own emotional response or outlook, particularly in challenging or uncertain situations.