Which of the following is not a current liability?
A)Accounts payable.
B)A note payable due in 2 years.
C)Accrued interest payable.
D)Sales tax payable.

Question

Quizplus · Accepted Answer

A note payable due in 2 years is a long-term liability, not a current liability. Accounts payable, accrued interest payable, and sales tax payable are all current liabilities because they are expected to be paid within a year or less.

Which of the Following Is Not a Current Liability