Which of the following sets includes examples of the same element of financial statements?
A)Accounts payable, deferred revenue, prepaid wages
B)Accounts receivable, deferred revenue, prepaid wages
C)Accounts payable, deferred revenue, wages payable
D)Deferred revenue, wages payable, prepaid wages

Question

Quizplus · Accepted Answer

All three items in set C are examples of current liabilities, specifically amounts owed to others for goods or services received but not yet paid for. They would all be reported on the balance sheet.

Which of the Following Sets Includes Examples of the Same