Which of the Following Liabilities Increase Typically and Create Spontaneously

question 13

Multiple Choice

Which of the following liabilities increase typically and create spontaneously generated funds as sales increase for the firm?

• A) Long-term debt
• B) Accrued wages
• C) Accounts receivable
• D) Property,plant,and equipment

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Definitions:

Single Mother

A woman who has a dependent child or dependent children and who is widowed, divorced, or unmarried.

Stepchildren

Children brought into a family by a new spouse who are not the biological offspring of that spouse.

Inheritance

Assets, money, or property received from someone who has died, transferred through legal means such as a will or through intestate laws if no will exists.

Creditors

Individuals or institutions that lend money or extend credit to others, expecting to be repaid.