Which of the following is not included in current liabilities?
A)Trade payables
B)Prepaid insurance
C)Accrued expenses payable
D)Taxes payable
E)Notes payable

Question

Quizplus · Accepted Answer

Prepaid insurance is not a current liability, as it represents a prepayment of a future expense and is instead listed as a current asset on the balance sheet. The other options, trade payables, accrued expenses payable, taxes payable, and notes payable, are all examples of current liabilities.

Which of the Following Is Not Included in Current Liabilities