Which of the Following Is Not a Current Liability

question 29

Multiple Choice

Which of the following is not a current liability?

• A) income tax payable
• B) accounts payable
• C) subscriptions collected one year in advance
• D) bond sinking fund

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Definitions:

Oligopolists

Firms operating in a market where a small number of entities control a large portion of the market share, influencing prices and competition.

Cooperative Agreement

A collaborative arrangement between two or more parties to jointly achieve specific goals, often in business or research.

Tying

A sales tactic where the purchase of one product requires the buyer to also purchase another product that the buyer may not want.

Microsoft Antitrust

Refers to the series of legal actions against Microsoft for anti-competitive practices, particularly in relation to its handling of its operating system and software dominance.