Which of the following is a type of current liability?
A) Accrued interest
B) Long-term debt maturing within one year
C) Unearned revenues
D) Income taxes payable
E) All of the above are current liabilities

Question

Quizplus · Accepted Answer

All of the options listed are considered current liabilities because they are obligations that a company expects to pay within one year or within its normal operating cycle, whichever is longer. Accrued interest, long-term debt maturing within one year, unearned revenues, and income taxes payable all meet this criterion.

Which of the Following Is a Type of Current Liability