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  3. Study Set
    Fundamental Accounting Principles Study Set 5
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    Exam 11: Current Liabilities and Payroll Accounting
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    Accounts Payable
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Accounts Payable

Question 150

Question 150

Multiple Choice

Accounts payable:


A) Are amounts owed to suppliers for products and/or services purchased on credit.
B) Are long-term liabilities.
C) Are estimated liabilities.
D) Do not include specific due dates.
E) Must be paid within 30 days.

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