Which of the following accounts could not be classified as a current liability?
A)Unearned revenues.
B)Accounts payable.
C)Notes payable (due in 11 months).
D)Current portion of long-term note payable.
E)Notes payable (due in 5 years).

Question

Quizplus · Accepted Answer

Notes payable that are due in 5 years are considered long-term liabilities, not current liabilities.

Which of the Following Accounts Could Not Be Classified as a Current