Accrued liabilities are considered to be long term liabilities typically. (Points : 1)

True

False

Question 2. 2. Accounts Payable typically do not incur an interest charge. (Points : 1)

True False

Question 3. 3. Notes Payable typically does not incur an interest charge. (Points : 1)

True False

Question 4. 4. When an individual purchases an airline ticket for travel 2 months from now the airline can recognize revenue immediately since the customer paid for the ticket. (Points : 1)

True False

Question 5.5. Payroll is one of the most significant expenditures many firms face. (Points : 1)

True False