8-95 What Is the Weighted Average Maturity of the Liabilities

question 52

Multiple Choice

8-95 What is the weighted average maturity of the liabilities of the FI?

• A)3.67 years.
• B)3.30 years.
• C)3.00 years.
• D)5.00 years.
• E)4.33 years.

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Definitions:

Supplies Expense

An accounting term denoting the cost of consumable items used during a reporting period but not directly associated with goods sold.

Adjusting Entry

A journal entry made in accounting records at the end of an accounting period to allocate income and expenditure to the appropriate years.

Telephone Bill

A periodic charge for the use of telephone services, often including the cost of calls, subscription fees, and taxes.

Accounts Payable

Money owed by a company to its creditors or suppliers for goods and services received but not yet paid for.