All of the following are reported as current liabilities except

A) accounts payable.
B) bonds payable.
C) notes payable.
D) unearned revenues.

Question

All of the following are reported as current liabilities exceptA)  accounts payable.B)  bonds payable.C)  notes payable.D)  unearned revenues.

Vishaal Kumar · Accepted Answer

Final Answer : B, Explanation :  Accounts payable, notes payable, and unearned revenues are all examples of current liabilities as they are obligations that are due within one year or the normal operating cycle of a business. Bonds payable, on the other hand, are long-term liabilities as they have a maturity date that exceeds one year or the normal operating cycle of a business.

All of the following are reported as current liabilities except

A) accounts payable.
B) bonds payable.
C) notes payable.
D) unearned revenues.

Definitions

Learning Objectives

Learning Objectives

Related questions