Which of the Following Accounts Is Not Classified as a Current

question 147

Multiple Choice

Which of the following accounts is not classified as a current liability?

• A) Note payable, due in three (3) years
• B) Taxes payable
• C) Salaries payable
• D) Accounts payable

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Definitions:

Discrete

Referring to data that can take on only integer values and which are countable.

Continuous

A type of variable or data that can take an infinite number of values within a given range or interval.

Expected Value

Expected Value is a statistical concept that calculates the mean of all possible values of a random variable, weighted by their probabilities of occurrence.

Shopping Outlet

A retail store or complex that sells goods directly from manufacturers at reduced prices.