Question: When considering current liabilities, why do accounts payable arise? O They arise because the operating cycles of the company selling an asset and the company

When considering current liabilities, why do accounts payable arise? O They arise because the operating cycles of the company selling an asset and the company purchasing an asset are different. O They arise because sometimes the title to an asset is received in one period and the physical asset is received in another period. O They arise because large purchases often require some sort of financing or other special terms. O They arise because there is a lag time between receipt of services or title and the payment for them

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