ACC 205 Week 4 Quiz 2 | Assignment Help | Ashford University

ACC 205 Week 4 Quiz 2 | Assignment Help | Ashford University 



Question 1

Accrued liabilities are considered to be long term liabilities typically.

 

o   True

o   False

 

 

Question 2

Accounts Payable typically do not incur an interest charge.

 

o   True

o   False

 

 

Question 3

Notes Payable typically does not incur an interest charge.

 

o   True

o   False

 

 

 

Question 4

When an individual purchases an airline ticket for travel 2 months from now the airline can recognize revenue immediately since the customer paid for the ticket.

 

o   True

o   False

 

 

Question 5

Payroll is one of the most significant expenditures many firms face.

 

o   True

o   False

 

 

 

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