Which of the following is a liability?

a. Account receivable
b. Account payable
c. Owner's capital
d. Owner's withdrawal
e. None of these

Ans: b. Account payable

Business

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Who is MOST LIKELY to support synergy?

A) Robert Copeland: "To get something done, a committee should consist of no more than three people, two of whom are absent." B) Ryunosuke Satoro: "Individually, we are one drop. Together, we are an ocean." C) Author unknown: "To kill time, a committee meeting is the perfect weapon." D) Elbert Hubbard: "A committee is a thing which takes a week to do what one good man can do in an hour."

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