Question: Certain liability and net worth items generally increase spontaneously with increases in sales. Which of the following increase spontaneously and which do not? Accounts payable,
Certain liability and net worth items generally increase spontaneously with increases in sales. Which of the following increase spontaneously and which do not?
Accounts payable, notes payable to banks, accrued wages, accrued taxes, mortgage bonds, common stock, and retained earnings.
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