BuyFindarrow_forward

Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

Solutions

Chapter
Section
BuyFindarrow_forward

Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
1 views

Which of the following is not an example of an accrued liability?

a. Accounts payable

b. Interest payable

c. Wages payable

d. Property taxes payable

To determine

Concept introduction:

Liabilities:

Liabilities are the obligation of the business or amount payable by the business. Liabilities can current or long term. Current liabilities are liabilities payable within the short term or business cycle of the company, for example Accounts payable for purchases and utilities payable. Long term liabilities are liabilities payable in a long period/ years, for example long term loan.

To choose:

The item which is not a accrued liability.

Explanation

Explanation for correct answer:

Accounts payable is not an accrued liability. Hence the correct option is a.

Explanation for incorrect answers:

b...

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Additional Business Solutions

Find more solutions based on key concepts

Show solutions add

Explain why an economys income must equal its expenditure.

Principles of Macroeconomics (MindTap Course List)

Explain how absolute advantage and comparative advantage differ.

Principles of Microeconomics (MindTap Course List)

How does a signature-based IDPS differ from a behavior-based IDPS?

Principles of Information Security (MindTap Course List)

Describe factors that affect thermal comfort.

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)

What are face milling and peripheral milling?

Precision Machining Technology (MindTap Course List)

The magnitude of the force F is 160 lb. Find its rectangular representation.

International Edition---engineering Mechanics: Statics, 4th Edition

What are some good practices to follow when using email? (89)

Enhanced Discovering Computers 2017 (Shelly Cashman Series) (MindTap Course List)