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Tesla owed vendors and suppliers $6,051 (in millions) for purchases made on credit at the most recent balance sheet date.

A)True
B)False

1 Answer

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Final answer:

The truthfulness of the statement depends on the most recent balance sheet provided by Tesla. Accounts payable would be listed under current liabilities, and if the stated amount matches Tesla's reporting, then the statement is true; otherwise, it is false.

Step-by-step explanation:

To determine the truthfulness of the statement regarding Tesla's accounts payable, we must refer to the most recent balance sheet provided by the company. Accounts payable are the obligations that a company has towards its vendors and suppliers for purchases made on credit. In financial statements, these are typically listed under current liabilities. If Tesla's balance sheet shows an accounts payable amount of $6,051 million (or $6.051 billion) as the outstanding amount owed to vendors and suppliers, then the statement would be true. If the balance sheet shows a different figure, the statement would be false.

The accuracy of such a statement is contingent upon the current financial records released by Tesla, which may change over time with new financial reporting. Without the context of the precise date of the balance sheet in question, we cannot verify the veracity of the statement canonically.

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