Right answer now Which of the following would be classified as a current liability?a) Long-term loanb) Notes Payable (due in 6 months)c) Buildingsd) Retained Earnings

Option A: This option is incorrect because long-term liabilities represent obligations expected to…

Answered: Which of the following would be…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 1MC: Which of the following is not considered a current liability? A. Accounts Payable B. Unearned...

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Which of the following would be classified as a current liability? a) Long-term loan b) Notes Payable (due in 6 months) c) Buildings d) Retained Earnings