If You Buy Something with the Intent to Pay Later

question 44

Multiple Choice

If you buy something with the intent to pay later rather than in cash,the seller will set up an account _____.

• A)depreciable
• B)receivable
• C)expense
• D)liability

---

Definitions:

Geographic Area

A specific portion of the Earth's surface defined by natural or administrative boundaries.

Wireless Media

Transmission mediums used in wireless communication that carry signals without the need for physical wires or cables.

LANs

Local Area Networks, a network that spans a small geographic area, connecting various devices to share resources and information more efficiently.

Home-based Business

A business operated from the owner's home, leveraging the internet and digital tools for managing business activities and reaching customers.