Which of the following would NOT be included in current liabilities?
A) Earned revenues
B) Unearned revenues
C) Estimated liabilities
D) Accrued expenses

Question

Quizplus · Accepted Answer

Earned revenues are not included in current liabilities. They represent income that a company has already earned and thus are considered part of the company's revenue, not a liability. Current liabilities include obligations the company must pay within a year, such as unearned revenues (prepayments from customers for goods or services not yet delivered), estimated liabilities (like warranties or lawsuits), and accrued expenses (expenses that have been incurred but not yet paid).

Which of the Following Would NOT Be Included in Current