The Untrue Statement Concerning Liabilities Is

question 1

Multiple Choice

The untrue statement concerning liabilities is:

• A)Borrowing to finance assets provides the potential for greater returns for owners but also means greater risk
• B)The absolute value of liquidity ratios is usually more important than their trend over time.
• C)A difference between an accounts payable and a bills payable is that the liability created with a bills payable is evidenced by a bills payable or a promissory note.
• D)Leverage is the use of borrowed funds in an attempt to earn a return greater than the interest paid on the borrowings

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Definitions:

Agnostics Or Atheists

Individuals who either doubt the existence of God or gods (agnostics) or deny the existence of any deities (atheists).

Secularization

The process by which developed societies move away from explanations based on religion to ones based on science, rationality, and logic.

Rationality

The quality of being based on or in accordance with reason or logic.

Developed Societies

Refers to nations with advanced technological infrastructure, high levels of income, and improved standards of living.