Current liabilities include
A) stock
B) bonds
C) accounts receivable
D) accrued interest payable

Question

Current liabilities include​
A) ​stock
B) ​bonds
C) ​accounts receivable
D) ​accrued interest payable

Quizplus · Accepted Answer

Current liabilities are debts or obligations that are expected to be settled within one year or the operating cycle of a business. Accrued interest payable is an example of current liability since it represents an obligation to pay interest on outstanding debts within a year or operating cycle. Stocks and bonds are not liabilities; they are financial securities that represent ownership in a company or a debt instrument issued by a company or government. Accounts receivable is considered an asset, not a liability, since it represents the amount of money owed to a company by its customers for goods or services that have been sold but not yet paid for.

Current Liabilities Include​

Current Liabilities Include