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

Question

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Deferred subscriptions revenue is a liability account that represents advance payments received from customers for goods or services that will be delivered in the future. This liability can be satisfied by providing the promised goods or services, rather than by payment of cash. The other options listed (income taxes payable, wages payable, and accounts payable) are typically satisfied with payment of cash.

Which of the Following Liability Accounts Is Likely to Be