An example of a current liability that must be accrued is
A) current maturity of long-term debt.
B) accounts payable.
C) income taxes payable.
D) revenue received in advance.

Name: An example of a current liability that must be accrued is A) current maturity of long-term debt. B) accounts payable. C) income taxes payable. D) revenue received in advance.
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Quizplus · Accepted Answer

Income taxes payable are typically accrued because they represent an obligation that has been incurred but not yet paid.

An Example of a Current Liability That Must Be Accrued