Which of the following is an example of a current liability?

Name: Which of the following is an example of a current liability?
Brand: Quizplus
Rating: 4.9 (62 reviews)

Question

Quizplus · Accepted Answer

Accounts payable are considered a current liability because they are typically due within a short period of time, usually within 30 to 90 days. Bonds payable and mortgages payable are long-term liabilities and notes payable, due in two years, would also typically be classified as a long-term liability.

Which of the Following Is an Example of a Current