Which of the following is a correct statement?

Question 4 options:

A)	All debt are liabilities.

B)	Accrued expenses are non-operating liabilities.

C)	All liabilities are debt.

D)	Accounts payable and short-term notes payable are non-operating liabilities.

Why is debt risky?

Question 9 options:

A)	Owners are satisfied before creditors in the case of bankruptcy.

B)	Debt carries a fixed commitment in the form of interest charges and principal repayment.

C)	Debt is not risky.

D)	Debt is an off-balance sheet item.