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Accounts payable typically arise because A. cash is received from a customer that will be paid back in the future. B. cash is received from
Accounts payable typically arise because
A. cash is received from a customer that will be paid back in the future.
B. cash is received from customers prior to the rendering of services or delivery of products.
C. the firm temporarily borrows cash for operations.
D. amounts are owed to others for goods, supplies, and services purchased on open account.
Which of the above is correct?
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