Which of the following would most likely be classified as a current liability?
A)Mortgage payable
B)Bonds payable
C)Operating lease
D)Dividends payable

Question

Quizplus · Accepted Answer

Dividends payable are payments due to shareholders for their ownership in the company and are typically paid out within a relatively short time frame, making them a current liability. Choice A is a long-term liability and Choices B and C are not liabilities but rather financing activities.

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