Under Which of the Following Categories Would Accounts Payable Appear

question 106

Multiple Choice

Under which of the following categories would Accounts Payable appear?

• A) long-term assets
• B) current assets
• C) long-term liabilities
• D) current liabilities

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Definitions:

Goodwill

The intangible asset that arises when a business is valued at more than the sum of its tangible assets, often related to reputation, brand, or customer relationships.

Organizing Information

The act of structuring and arranging data or knowledge in a coherent and logical manner.

Customer Complaints

refer to expressions of dissatisfaction made by customers regarding a company's products or services.

Technology

The application of scientific knowledge for practical purposes, especially in industry and in our daily lives.