Which of the Following Liabilities Can Potentially Be Reported as Either

question 56

Multiple Choice

Which of the following liabilities can potentially be reported as either or both a current and a non-current liability?

• A)Bank overdraft.
• B)Unearned revenue.
• C)180-day bank loan.
• D)Income taxes payable.

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Definitions:

Sports

Competitive physical activities or games following established rules, often involving teamwork or individual prowess.

Intramural

Activities or competitions occurring within the same institution, especially referring to sports within a single educational establishment.

Genus

A class or group of entities that share common characteristics, often used in classifications and taxonomies.

Species

The basic unit of biological classification, defined as a group of living organisms consisting of similar individuals capable of exchanging genes or interbreeding.