Which of the Following Accounts Could Not Be Classified as a Current

question 95

Multiple Choice

Which of the following accounts could not be classified as a current liability?

• A)Unearned revenues.
• B)Accounts payable.
• C)Notes payable (due in 11 months).
• D)Current portion of long-term note payable.
• E)Notes payable (due in 5 years).

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Definitions:

NYSE

The New York Stock Exchange, one of the largest securities exchanges in the world, where stocks are bought and sold.

Brokerage Firm

A company that acts as an intermediary between buyers and sellers in investment transactions.

Buy or Sell

The decision-making process in trading or investing where "buy" refers to acquiring assets and "sell" signifies disposing of them.

Deposit Insurance

A government guarantee to depositors in banks and other financial institutions, ensuring the safety of their deposits up to a certain limit, in case the institution fails.