Which of the Following Is NOT a Current Liability

question 81

Multiple Choice

Which of the following is NOT a current liability?

• A) unearned revenue
• B) derivatives
• C) stock dividends distributable
• D) trade accounts payable

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Definitions:

Personal Physical Injuries

Bodily harm or injury directly experienced by an individual, which may have personal, legal, or financial implications.

Employer-Paid Premiums

Employer-paid premiums are the amounts paid by an employer for employee benefits such as health insurance, which are often exempt from taxable income for the employee.

Life Insurance

A contract that pays a designated beneficiary a sum of money upon the death of the insured individual or after a set period.

Taxable

Refers to income or transactions that can be taxed by the government.