Examples of determinable current liabilities include all of the following EXCEPT
A) current maturities of long-term debt.
B) bank indebtedness from operating lines of credit.
C) unearned revenues.
D) contingencies.

Question

Quizplus · Accepted Answer

Contingencies are not considered determinable current liabilities because they are uncertain in timing or amount. Examples of determinable current liabilities include obligations that are known and measurable, such as current maturities of long-term debt, bank indebtedness, and unearned revenues.

Examples of Determinable Current Liabilities Include All of the Following