Which of the following would normally be considered a current liability? 1. accounts payable
2) debentures payable
3) unearned revenue
4) accrued liabilities
A) 1 and 4
B) 1, 2, and 4
C) 1, 3, and 4
D) 2 and 3

Question

Quizplus · Accepted Answer

Accounts payable, unearned revenue, and accrued liabilities are typically considered current liabilities as they are expected to be settled within a year. Debentures payable are usually long-term liabilities.

Which of the Following Would Normally Be Considered a Current