Which of the following accounts would be classified as a current liability on a classified balance sheet?
A)Dividends
B)Deferred Revenue
C)Wages Expense
D)Accounts Receivable

Question

Quizplus · Accepted Answer

When a company receives cash in advance of providing goods or services to customers,this revenue is initially deferred as a liability on the balance sheet (in an account called Deferred Revenue).

Which of the Following Accounts Would Be Classified as a Current