Dividends Payable is classified as a

A) long-term liability.
B) contra stockholders' equity account to Retained Earnings.
C) current liability.
D) stockholders' equity account.

Dividends Payable

This is a liability on the balance sheet representing the amount of dividends that a corporation has declared but not yet paid to its shareholders.

Current Liability

A company's debt or obligations that are due within one year.