Which of the following would most likely be classified as a current liability?

Which of the following would most likely be classified as a current liability?

Which of the following would most likely be classified as a current liability? | Accounting and Finance Quiz | Management Notes

The various options for the question “Which of the following would most likely be classified as a current liability?” are as below:

 

A.Two-year Notes Payable
B. Bonds Payable
C. Mortgage Payable
D. Unearned Rent

 

The correct answer to this question is an option (D) i.e. Unearned Rent.

 

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