Current Liabilities Include All but Which of the Following

question 14

Multiple Choice

Current liabilities include all but which of the following?

• A)Tax payable
• B)Bank overdraft
• C)Marketable securities
• D)Accounts payable

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Definitions:

Drawer

The person who writes or issues a check or draft, instructing a bank to pay a specified sum of money to a specified person or entity.

Payee

An individual or entity that is designated to receive a payment or financial transaction.

Nonnegotiable

Refers to a financial instrument that cannot be transferred or endorsed to another party.

Separate Agreement

A distinct contract or arrangement that is made independently from any other agreements or contracts.