Which of the following may be a current liability?

Question

Quizplus · Accepted Answer

A) Withheld Income taxes are amounts that employers withhold from employees' paychecks for taxes owed to the government. This money is held in a liability account until it is remitted to the appropriate taxing authority. 
B) Deposits received from customers are typically recorded as a liability until the goods or services are delivered to the customer. 
C) Unearned revenue refers to payments received from customers for goods or services that have not yet been delivered. This is recorded as a liability until the goods or services are provided.

Therefore, all three options are current liabilities.

Which of the Following May Be a Current Liability