question archive Discretionary financing accounts include all of the following EXCEPT A) long-term debt
Discretionary financing accounts include all of the following EXCEPT A) long-term debt
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Discretionary financing accounts include all of the following EXCEPT
A) long-term debt. B) notes payable. C) accrued liabilities. D) common stock.
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Answer: C) Accrued Liabilities
Because Discretionary financing items do not vary directly with the level of sales. These include notes payable, Long-term debt, common stock and PIC.
