A Delivery Company Is Creating a Statement of Financial Position

Multiple Choice

A delivery company is creating a statement of financial position.Which of the following would most likely be considered a short-term liability on this statement of financial position?

A) the depreciation over the last year in the value of the vehicles owned by the company
B) revenue received for the delivery of items that have not yet been delivered
C) a loan which must paid back in two years' time
D) prepaid rent on the offices occupied by the company
E) money owed to the firm by customers who have purchased goods on credit