Of the Following Items, the Only One Which Should Not

question 30

Multiple Choice

Of the following items, the only one which should not be classified as a current liability is

• A) current maturities of long-term debt.
• B) sales taxes payable.
• C) short-term obligations expected to be refinanced.
• D) unearned revenues.

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Definitions:

Systematic Test

A methodical approach to testing that follows a plan, guidelines, or set procedures to evaluate outcomes.

Algorithms

Step-by-step procedures or formulas for solving problems or completing tasks, often used in computing and mathematics to ensure accuracy and efficiency.

Systematic Test

A methodical and structured approach to evaluating and measuring the functionality, performance, or reliability of a system or component.

Incremental Steps

Small, sequential advances or improvements made towards achieving a larger goal.