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Accounts payable, notes payable, and bonds payable are all common ______.Multiple choice question.categories of assetsowners' equity accountscategories of cash flowsliability accounts

Question

Accounts payable, notes payable, and bonds payable are all common ______.Multiple choice question.categories of assetsowners' equity accountscategories of cash flowsliability accounts

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Solution

The correct answer is "liability accounts". These are all types of obligations that a company must pay in the future, and are therefore classified as liabilities on the balance sheet.

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