Which of the following most likely would be classified as a current liability?
A)Dividends payable
B)Bonds payable in 5 years
C)Three-year notes payable
D)Mortgage payable as a single payment in 10 years

Name: Which of the following most likely would be classified as a current liability? A)Dividends payable B)Bonds payable in 5 years C)Three-year notes payable D)Mortgage payable as a single payment in 10 years
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Question

Quizplus · Accepted Answer

Dividends payable are typically due within one year, making them a current liability.

Which of the Following Most Likely Would Be Classified as a Current