Accounts payable, wages payable, and income taxes payable are all considered current liabilities.

Name: Accounts payable, wages payable, and income taxes payable are all considered current liabilities.
Brand: Quizplus
Rating: 4.9 (56 reviews)

Question

Quizplus · Accepted Answer

Accounts payable, wages payable, and income taxes payable are all examples of liabilities that are expected to be paid within the short term, typically within one year. Therefore, they are classified as current liabilities on a company's balance sheet.

Accounts Payable, Wages Payable, and Income Taxes Payable Are All