A Delivery Company Is Creating a Balance Sheet

question 57

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

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Definitions:

Branding

The process of creating a unique image, name, and identity for a product or company in the consumer's mind through marketing and design.

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