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Identify the Letters of the Choices That Best Match the Phrases

question 53

Multiple Choice


Identify the letters of the choices that best match the phrases or definitions.
-Uses pixels as the unit of measure


Definitions:

Long-term Liabilities

Financial obligations of a business that are due for repayment more than one year in the future, such as bonds or long-term loans.

Current Liabilities

Financial obligations that a company is expected to pay within one year.

Accounts Payable

Money owed by a business to its suppliers shown as a liability on the company’s balance sheet.

Salaries and Wages Payable

Salaries and Wages Payable are liabilities on the balance sheet representing amounts owed to employees for work performed but not yet paid.

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