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