Current liabilities do not include
A) short‑term bank loans
B) accrued interest
C) accounts payable
D) additional paid‑in capital (capital surplus)

Question

Current liabilities do not include​
A) ​short‑term bank loans
B) ​accrued interest
C) ​accounts payable
D) ​additional paid‑in capital (capital surplus)

Quizplus · Accepted Answer

Additional paid-in capital (capital surplus) is a part of shareholders' equity, not a current liability. Current liabilities are obligations that are expected to be settled within a year, such as short-term bank loans, accrued interest, and accounts payable.

Current Liabilities Do Not Include​

Current Liabilities Do Not Include