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:

Quantity of Land

The total area or amount of productive land available for agricultural or industrial use.

Rent

A fee charged for the use of property or land, typically paid monthly by tenants to landlords.

Economic Rent

Income earned from the possession of a unique asset or advantage not due to individual effort or investment, such as land ownership or patents.

Unearned Surplus

Income derived from investments rather than from work or productive activity.