Which of the following items would be least likely to appear in the current liabilities section of a classified balance sheet?
A)Interest Payable.
B)Wages Payable.
C)Accounts Payable.
D)Bonds Payable.

Question

Quizplus · Accepted Answer

Bonds payable are long-term liabilities and would not appear in the current liabilities section of a classified balance sheet. The other options, interest payable, wages payable, and accounts payable, are all short-term liabilities and would typically appear in the current liabilities section.

Which of the Following Items Would Be Least Likely to Appear