Under Which of the Following Categories Would Accounts Payable Appear

question 94

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:

Plastic Bottles

Containers made from polyethylene terephthalate (PET) or other plastics, used to hold liquids or other products.

Wholesale

Pertains to the sale of goods in large quantities at lower prices primarily to retailers or businesses, rather than to ordinary consumers.

Purchased

Purchased refers to the act of buying goods or services in exchange for money.

Beef

A type of meat obtained from cattle.