Extreme Sports, a bicycle, ATV, and motorbike retailer, buys its ...

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Extreme Sports, a bicycle, ATV, and motorbike retailer, buys its inventory on credit. Before Extreme pays for this merchandise in 60 days, the money owed is classified on its balance sheet as a(n)
 A) current asset.
  B) intangible asset.
  C) account payable.
  D) long-term liability.
  E) account receivable.

Question 2

The most difficult need to satisfy is
 A) safety.
  B) self-actualization.
  C) esteem.
  D) social.
  E) physiological.

[ky860224]

Answer to Question 1

C

Answer to Question 2

B