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.
Correct Answer:
Verified
Correct Answer:
Verified
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