Accounts payable and accrued expenses are often referred to as
A)forecast expenses.
B)structured sources of financing.
C)spontaneous sources of financing.
D)discretionary sources of financing.

Question

Quizplus · Accepted Answer

Accounts payable and accrued expenses are considered spontaneous sources of financing because they are obtained automatically as a result of normal business operations, without any pre-planned or structured financing arrangements. These sources of financing arise from purchases made on credit or services received but not yet paid for.

Accounts Payable and Accrued Expenses Are Often Referred to as