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:

Discrimination Suit

Legal action taken against an employer or organization accused of unjust treatment of employees based on race, gender, age, disability, or other protected categories.

Search Costs

The time, energy, and financial resources spent in looking for goods, services, or information.

HR Professionals

Individuals who work in human resources, dealing with the management of employee-related functions such as recruitment, training, and benefits.

Disabilities

Conditions that limit a person's movements, senses, or activities, affecting their daily life and work.