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Geoffrey works for XYZ Corp as an accountant. He is looking at a financial statement. The statement lists what the company owes to its suppliers

Geoffrey works for XYZ Corp as an accountant. He is looking at a financial statement. The statement lists what the company owes to its suppliers (known as ___________) as well as what customers owe XYZ (known as _____________). The financial statement Geoffrey is looking at is known as a(n) __________________.

a.

accounts payable ; accounts receivable ; income statement

b.

revenue; expense; income statement

c.

accounts payable ; accounts receivable ; balance sheet

d.

fixed asset ; long term liability ; income statement

e.

accounts receivable ; accounts payable ; balance sheet

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