_______ refer(s) to obligations to pay, resulting from purchasing goods or services.
A) Mortgage payable
B) Surplus value
C) Accounts payable
D) Owner's equities

Question

Quizplus · Accepted Answer

Accounts payable refers to obligations to pay, resulting from purchasing goods or services. Mortgage payable relates to a loan used to purchase property, surplus value is the difference between the price of a sold good and the cost of producing it, and owner's equities refer to the residual interest in the assets of an entity after liabilities are deducted.

_______ Refer(s) to Obligations to Pay, Resulting from Purchasing Goods