Which item below is not a current liability?
A) Unearned revenue
B) Stock dividends distributable
C) The currently maturing portion of long-term debt
D) Trade accounts payable

Question

Quizplus · Accepted Answer

Stock dividends distributable are considered part of shareholders' equity, not a current liability. They represent a distribution of earnings to shareholders that has been declared by the company but not yet distributed.

Which Item Below Is Not a Current Liability