Which of the Following Is a Current Liability

question 1

Multiple Choice

Which of the following is a current liability?

• A) prepaid insurance
• B) account receivable
• C) unearned rent revenue
• D) building
• E) common stock

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Definitions:

Conventional

Adhering to traditional standards or norms; typical or expected within a certain context.

Ethical Dilemma

A situation in which a difficult choice has to be made between two or more actions, where none of the options resolve the ethical principles or standards at stake fully.

Kohlberg's Moral Development Theory

A theory that proposes individuals progress through different stages of moral reasoning, from basic obedience to societal rules to higher-level ethical principles.

Conventional Level

A stage in moral development proposed by Lawrence Kohlberg, where an individual's sense of morality is tied to personal and societal relationships, and compliance with laws and norms.