brooke0713
brooke0713
20.02.2020 • 
History

Select the correct answer.
Profit Inc., a manufacturing firm has purchased raw materials worth $10,000 on credit from its vendors. The business plans to settle the
vendor's full payment after two months. Under which section of a balance sheet will this amount be recorded as "accounts payable?
A
B.
current assets
current liabilities
OC
long-term liabilities
OD. owners' equity

Solved
Show answers

Ask an AI advisor a question