Multiple Choice
If a boat manufacturer orders 50 units of fiberglass material and secures trade credit,promising to pay the supplier at a later date,the manufacturer will record the amount to be paid as a(n)
A) account receivable.
B) current asset.
C) long-term liability.
D) account payable.
E) equity account.
Correct Answer:
Verified
Correct Answer:
Verified
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