Which of the following is not a typical current liability?
A) Unearned revenue
B) Income tax payable
C) Sales taxes payable
D) Bonds payable

Name: Which of the following is not a typical current liability? A) Unearned revenue B) Income tax payable C) Sales taxes payable D) Bonds payable
Brand: Quizplus
Rating: 4.9 (35 reviews)

Question

Quizplus · Accepted Answer

Bonds payable is a long-term liability and therefore not a typical current liability. The other options listed are typically classified as current liabilities.

Which of the Following Is Not a Typical Current Liability