An account which would be classified as a current liability is
A)dividends payable in the company's stock.
B)accounts payable-debit balances.
C)losses expected to be incurred within the next twelve months in excess of the company's insurance coverage.
D)none of these.

Question

Quizplus · Accepted Answer

None of the options listed are classified as a current liability. Dividends payable in stock are not a liability, accounts payable should have credit balances, and expected losses are not liabilities but potential future expenses.

An Account Which Would Be Classified as a Current Liability