Multiple Choice
Of the following items, the only one which should not be classified as a current liability is
A) current maturities of long-term debt.
B) sales taxes payable.
C) short-term obligations expected to be refinanced.
D) unearned revenues.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q25: Palco Co., which has a taxable payroll
Q26: In accounting for compensated absences, the difference
Q27: Which of the following items is a
Q28: Use the following information for questions 127,
Q29: At the financial statement date of December
Q31: A company buys an oil rig for
Q32: Discount on Notes Payable is a contra
Q33: In March 2015, an explosion occurred at
Q34: On August 31, Latty Co. partially refunded
Q35: Kane Candy Company offers a coffee mug