Which of the Following Is Not a Current Liability on December

question 298

Multiple Choice

Which of the following is not a current liability on December 31, 2014?

• A) A Note Payable due December 31, 2015
• B) An Accounts Payable due January 31, 2015
• C) A lawsuit judgment to be decided on January 10, 2015
• D) Accrued salaries payable from 2014

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Definitions:

Park Managers

Individuals responsible for overseeing the operations and maintenance of parks, ensuring they are safe, accessible, and enjoyable for the public.

Congressional Desires

Preferences or goals of members within the United States Congress, often reflecting their constituents' interests or policy objectives.

Oligopolistic Industry

An industry dominated by a small number of large firms, each of which can influence the market price and strategy, leading to competitive yet interdependent market conditions.

Industry Cost

The total expenses incurred by firms operating within a specific industry, including production, labor, and capital costs.