All of the following are examples of current liabilities, except for:
A)Accrued expenses
B)Unearned revenues
C)Interest payable
D)Prepaid expenses

Question

Quizplus · Accepted Answer

Prepaid expenses are not current liabilities, they are typically classified as current assets since they represent payments made in advance for future goods or services. Accrued expenses, unearned revenues, and interest payable are all examples of current liabilities.

All of the Following Are Examples of Current Liabilities, Except