Multiple Choice
Match each of the following terms pertaining to liabilities to their definitions.
-Amounts owed that are represented by a formal contractual agreement.These amounts usually require the payment of interest.
A) Current liability
B) Accounts payable
C) Notes payable
D) Discount on notes payable
E) Current maturities of long-term liabilities
F) Accrued liabilities
G) Contingent liability
H) Estimated liability
Correct Answer:

Verified
Correct Answer:
Verified
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