Because Accounts Payable and Accrued Expenses Increase with Sales, They

question 52

True/False

Because accounts payable and accrued expenses increase with sales, they represent sources of spontaneous financing.

---

Definitions:

Strict Tort Liability

A legal doctrine that holds a party responsible for damages caused by their actions or products, without the need for proving fault or negligence.

Product Line

A group of related products manufactured by a company, characterized by having similar functions or being sold to the same customer groups.

Consolidations

refer to the process of combining two or more legal cases, accounts, or entities into a single entity for efficiency or to facilitate a unified decision-making process.

Obsolete

describes anything that is out of date or no longer in use, often because it has been replaced by newer versions or technologies.