One-Time Costs Include Operating and Maintenance Costs

question 25

True/False

One-time costs include operating and maintenance costs.

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Definitions:

Trade Accounts Payable

Liabilities owed by a business to its suppliers or creditors for inventory or services received that are yet to be paid for.

Accounts Payable

Money owed by a business to its suppliers or creditors for goods and services received.

Potential Lawsuit

A legal challenge or claim that has not yet been filed but has the possibility to be brought forward because of existing disputes.

Contingent Liabilities

Possible obligations that may arise in the future due to past events, depending on the occurrence of certain uncertain events.