Which of the Following Should Not Be Included in the Current

question 66

Multiple Choice

Which of the following should not be included in the current liabilities section of the statement of financial position?

• A)Trade notes payable
• B)Short-term zero-interest-bearing notes payable
• C)Unearned revenues
• D)All of these are included

---

Definitions:

Value Judgment

An evaluation as “good” or “bad” based on moral or ethical standards rather than objective ones.

Bias

A personal leaning or inclination.

Bias

A tendency to favor or lean towards a particular perspective, group, or thing, often in a way that is considered to be unfair or based on preconceived notions.

Ethical Practices

Actions and behaviors that are considered morally right and acceptable within a professional or personal context.