Which of the Following Accounts Appear in the Liabilities Section

question 107

Multiple Choice

Which of the following accounts appear in the liabilities section of the balance sheet?

• A)Warranties payable, discounts on notes payable, accounts payable.
• B)Accounts payable, notes payable, allowance for doubtful accounts.
• C)Notes payable, discounts on notes payable, credit card receivables.
• D)Accounts payable, allowance for doubtful accounts, warranties payable.

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Definitions:

Biopiracy

The practice of commercially exploiting natural resources or indigenous knowledge of a culture or country without fair compensation to its people or origins.

Environmental Devastation

Severe and often irreversible damage to the natural environment as a result of human activity or natural disasters, leading to loss of ecosystems and biodiversity.

Biocolonialism

The control or patenting of biological resources and indigenous knowledge by foreign entities or corporations, leading to exploitation and genetic theft from indigenous and local communities.

Sustainable Development

Development that meets the needs of the present without compromising the ability of future generations to meet their own needs, emphasizing environmental, economic, and social sustainability.