Which of the following is not a typical example of a current liability?
A)Revenue collected in advance.
B)Accrued interest payable.
C)Employee taxes withheld.
D)Mortgage payable.

Name: Which of the following is not a typical example of a current liability? A)Revenue collected in advance. B)Accrued interest payable. C)Employee taxes withheld. D)Mortgage payable.
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Question

Quizplus · Accepted Answer

A mortgage payable is a long-term liability, not a current liability. The other options are all examples of current liabilities.

Which of the Following Is Not a Typical Example of a Current