All of the following are classified as liabilities except:
A)Accounts Receivable.
B)Notes Payable.
C)Wages Payable.
D)Accounts Payable.
E)Taxes Payable.

Question

Quizplus · Accepted Answer

Accounts receivable is actually an asset, as it represents money owed to the company by its customers. The other options listed (notes payable, wages payable, accounts payable, and taxes payable) are all examples of liabilities.

All of the Following Are Classified as Liabilities Except