Which of the Following May Be a Current Liability

question 16

Multiple Choice

Which of the following may be a current liability?

• A)Withheld Income Taxes
• B)Deposits Received from Customers
• C)Unearned Revenue
• D)All of these answers are correct.

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Definitions:

Supply Chain Management

The oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer.

Corporate Vertical Marketing System

A vertically integrated marketing strategy where a single company controls multiple levels of its distribution and production process.

Direct Marketing Channel

The manufacturer sells directly to the buyer.

Radio Frequency Identification

A technology that uses electromagnetic fields to automatically identify and track tags attached to objects.