Which of the following accounts is not classified as a current liability?
A) Accounts payable
B) Note payable, due in three 3 years
C) Taxes payable
D) Salaries payable

Name: Which of the following accounts is not classified as a current liability? A) Accounts payable B) Note payable, due in three 3 years C) Taxes payable D) Salaries payable
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Question

Quizplus · Accepted Answer

Note payable, due in three 3 years is not classified as a current liability because it is not due within one year.

Which of the Following Accounts Is Not Classified as a Current