Question

QUESTIONS Debt securities sold to investors that must be repaid at a particular date some years in the future are called A. bonds payable B. accounts payable C. notes receivable D. taxes payable QUESTION 9 The cost of assets consumed or services used is also known as A. a liability B. an asset o C. a revenue D. an expense QUESTION 10 Debts and obligations of a business are referred to as O A. assets B. liabilities C. equities D. expenses QUESTION 11 Click Save and Submit to save and submit. Click Save All Answers to save all answers

Answer 1

1. A is the correct answer. Bonds payable are a form of long term debt usually issued by corporations, hospitals, and governments. The issuer of bonds makes a formal promise/agreement to pay interest usually every six months (semiannually) and to pay the principal or maturity amount at a specified date some years in the future.

Accounts Payable job description guide. The role of the Accounts Payable involves providing financial, administrative and clerical support to the organisation. Their role is to complete payments and control expenses by receiving payments, plus processing, verifying and reconciling invoices.

Notes payable is a liability account where a borrower records a written promise to repay the lender. When carrying out and accounting for notes payable, "the maker" of the note creates liability by borrowing from another entity, promising to repay the payee with interest.

Income tax payable is a term given to a business organization's tax liability to the government where it operates. The amount of liability will be based on its profitability during a given period and the applicable tax rates.

2.option D is the correct answer. An expense is the cost of operations that a company incurs to generate revenue. As the popular saying goes, “it costs money to make money.” Common expenses include payments to suppliers, employee wages, factory leases, and equipment depreciation.

3.option B is the correct answer. A liability is something a person or company owes, usually a sum of money. ... Recorded on the right side of the balance sheet, liabilities include loans, accounts payable, mortgages, deferred revenues, bonds, warranties, and accrued expenses