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

Question

Quizplus · Accepted Answer

Dividends payable represent a current liability because they are due to be paid within a short period of time, usually within the current fiscal year. Notes payable, mortgage payable, and bonds payable are typically long-term liabilities.

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