Which of the Following Accounts May Reasonably Be Expected to Grow

question 42

Multiple Choice

Which of the following accounts may reasonably be expected to grow with sales? I. Accounts Receivable
II. Accounts Payable
III. Property, Plant and Equipment
IV. Inventory
V. Long-Term Debt

• A)I, II and IV
• B)I, II and V
• C)III and V
• D)I, II and III

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Definitions:

Securities

Financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.

Tablet PC

A portable personal computer equipped with a touchscreen as the primary input device, designed for mobile use and small enough to be held in one hand.