Which of the following liability accounts is likely to be satisfied with other than payment of cash?
A)Wages payable
B)Deferred subscriptions revenue
C)Accounts Payable
D)Income taxes payable

Question

Quizplus · Accepted Answer

Deferred subscription revenue is a liability account that records advance payments for goods or services to be delivered in the future. It is likely to be satisfied with the delivery of goods or services rather than payment of cash. The other options (wages payable, accounts payable, and income taxes payable) are typically settled with payment of cash.

Which of the Following Liability Accounts Is Likely to Be