An account which would be classified as a current liability is
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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give all explanation
Transcribed Image Text:An account which would be classified as a current liability is
dividends payable in the form of a company's stock.
accounts payable-debit balances
losses expected to be incurred within the next twelve months in excess of the
company's insurance coverage.
none of these answers are correct.
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