Payroll liabilities for current employees are:
A) Current liabilities.
B) Can be either current or long-term depending on when workers retire.
C) Estimated liabilities.
D) Contingent liabilities.
E) None of these answers is correct.

Question

Quizplus · Accepted Answer

Payroll liabilities for current employees are considered current liabilities because they are obligations that are expected to be settled within the normal operating cycle, typically within one year.

Payroll Liabilities for Current Employees Are