Multiple Choice
Maybel Company has a March 31,2016 year end.Which of the following should not be recorded as a current liability?
A) A deposit received from a customer for the February 2017 rent on a 1-year lease entered into on March 1,2016.
B) Unpaid payroll taxes.
C) Dividends in arrears on preferred dividends.
D) Property taxes estimated and unpaid based on the prior year's municipal tax bill.
Correct Answer:
Verified
Correct Answer:
Verified
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