Which of the Following Statements Concerning Current Liabilities Is Incorrect

Multiple Choice

Which of the following statements concerning current liabilities is incorrect?

A) Current liabilities include unearned revenues.
B) A company that has more current liabilities than current assets is usually the subject of some concern.
C) Current liabilities include prepaid expenses.
D) A current liability is a debt that can reasonably be expected to be paid out of existing current assets or result in the creation of other current liabilities.