Multiple Choice
Which of the following operating activities is not correctly matched with the current liability that results from the activity?
A) Purchase inventory of goods to be sold » Accounts payable
B) Employees earn wages » Accrued wages.
C) Customers pay in advance for future purchases » Accounts receivable.
D) Rent warehouse space to store goods » Accrued rent.
Correct Answer:

Verified
Correct Answer:
Verified
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