All of the following accounts are considered to be current liabilities on the balance sheet except:
A)taxes payable
B)accounts payable
C)accruals
D)notes payable
E)all of the above are current liabilities

Question

Quizplus · Accepted Answer

All the listed accounts (taxes payable, accounts payable, accruals, and notes payable) are typically considered current liabilities, as they are obligations expected to be settled within one year.

All of the Following Accounts Are Considered to Be Current