Notes Payable,accounts Payable,taxes Payable and Salaries Payable Are All Examples

question 60

Multiple Choice

Notes payable,accounts payable,taxes payable and salaries payable are all examples of:

• A)liabilities.
• B)revenues.
• C)expenses.
• D)assets.

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Definitions:

Prima Facie Duty

An obligation that appears to be binding upon first view, but may be overridden by stronger moral considerations.

Keep Promises

The act of fulfilling a commitment or assurance one has made.

Absolute Moral Rules

Ethical principles that are considered universally applicable and unwavering under all circumstances.

Moral Dilemmas

Situations where an individual faces a choice between two or more morally conflicting options, with no clear right or wrong answer.