Identify the Account Below That Is Classified as a Liability

question 182

Multiple Choice

Identify the account below that is classified as a liability account:

• A)Cash
• B)Accounts Payable
• C)Salaries Expense
• D)Retained Earnings
• E)Equipment

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Definitions:

Moving Average

A method that employs statistics to examine data over time by determining the means of various subsets within the full dataset.

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Moving Average

A statistical method used to analyze data points by creating a series of averages of different subsets of the full data set to identify trends.

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