Current liabilities would include all of the following except
A)wages payable
B)obligations under capital lease contracts
C)current portion of long-term debt
D)unearned rent revenue

Question

Quizplus · Accepted Answer

Current liabilities include obligations that are due within one year, such as wages payable, current portion of long-term debt, and unearned rent revenue. Obligations under capital lease contracts are long-term liabilities and would not be included in current liabilities.

Current Liabilities Would Include All of the Following Except