Answered: Which of the following is an example of…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 1Q: Why is Accounts Payable classified as a current liability?

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Which of the following is an example of a liability?

a) Accounts receivable
b) Prepaid rent
c) Loan payable
d) Inventory

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Which of the following is an example of a liability? a) Accounts receivableb) Prepaid rentc) Loan payabled) Inventory

Which of the following is an example of a liability?