Which of the following is NOT a current liability?
A) unearned revenue
B) derivatives
C) stock dividends distributable
D) trade accounts payable

Question

Quizplus · Accepted Answer

Stock dividends distributable are considered part of shareholders' equity, not a current liability. They represent a commitment by the company to distribute additional shares to shareholders at a future date, rather than a liability that the company must settle with cash or other assets within one year.

Which of the Following Is NOT a Current Liability