Match Each of the Following Current Liabilities with Its Meaning

question 36

Multiple Choice

Match each of the following current liabilities with its meaning.
-current assets / current liabilities

• A)account payable
• B)note payable
• C)wages payable
• D)interest payable
• E)sales taxes payable
• F)CPP payable
• G)employment taxes payable
• H)unearned sales revenues
• I)estimated warranty liability

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Definitions:

Compound

A distinct chemical substance resulting from the combination of multiple elements into a molecule, exemplified by its specific chemical formula and molecular structure.

Cyclic Esters

Organic compounds characterized by a ring structure containing an ester linkage, also known by the term "lactones."

Lactones

Cyclic esters formed by the intramolecular reaction of a hydroxy acid, commonly found in various natural products and fragrances.

Cyclohexyl Formate

An organic ester derived from cyclohexanol and formic acid, known for its use in fragrance and flavor compositions.