accounting current liabilities?
31.
Which of the following would most likely be classified as a current liability?
1. Bonds Payable.
2. Two-year notes payable.
3. Mortgage payable.
4. Unearned Rent.
i know its not bonds
While numbers 1 through 3 could have a current portion, which is the amount due within the next year, number 4 is the answer. Unearned rent will most likely be earned within the next year and therefore be classified as current.
EXCHANGES #145 15 USC CHAPTER 2B – SECURITIES EXCHANGES
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