Accounts Payable Is A

question 83

Multiple Choice

Accounts payable is a:

• A)long-term liability.
• B)current asset.
• C)long-term asset.
• D)current liability.

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Definitions:

Heuristics

Shortcut strategies or guidelines that suggest a solution to a problem but do not guarantee an answer.

Prototyping

The process of creating an early model or sample of a product to test concepts or feasibility before full-scale production.

Subgoaling

Breaking down a main goal into smaller, more manageable objectives as a means to facilitate achievement.

Cram

The practice of intensely absorbing a large amount of information in a short period of time, often used in the context of studying.