The element "Accounts Payable" refers to
A. An amount owed to our business.
B. An amount a business owes to a third party.
C. The bottom line on the income statement.
D. The total cash paid by a business during the year.
E. An increase in an investing activity.
Ans: B. An amount a business owes to a third party.
Business
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Using personal pronouns:
a. causes you to write almost automatically in passive voice b. creates a more readable sentence structure c. both of the above d. none of the above
Business
Which of the following is a current liability?
A) state sales tax B) bank loans C) accounts payable D) all of the above
Business