Which of the following are included in current liabilities?
I.note payable to a supplier in eighteen months
II.debt payable to a mortgage company in nine months
III.accounts payable to suppliers
IV.loan payable to the bank in fourteen months
A)I and III only
B)II and III only
C)III and IV only
D)II, III, and IV only
E)I, II, and III only

Question

Quizplus · Accepted Answer

Current liabilities are obligations due within one year. Debt payable in nine months and accounts payable are current liabilities.

Which of the Following Are Included in Current Liabilities