Accounts payable, notes payable, and bonds payable are all common Blank______.Multiple choice question.liability accountscategories of assetsowners' equity accountscategories of cash flows
Question
Accounts payable, notes payable, and bonds payable are all common Blank______.Multiple choice question.liability accountscategories of assetsowners' equity accountscategories of cash flows
Solution
The correct answer is "liability accounts". These are all types of obligations that a company must pay in the future, and therefore they are classified as liabilities.
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