Which of the Following Is an Example of a Current

question 107

Multiple Choice

Which of the following is an example of a current liability?

• A) bonds payable
• B) mortgages payable
• C) accounts payable
• D) notes payable, due in two years

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Definitions:

Flexible Benefit Programs

Employee benefit plans that allow individuals to choose from a range of options to create a benefits package tailored to their own needs and circumstances.

Administrative Costs

Expenses incurred by an organization that are not directly tied to a specific business function such as manufacturing, production, or sales. These can include salaries of senior executives, office supplies, and utilities.

Employee Participation

The involvement of workers in decision-making processes within an organization, aimed at improving engagement, morale, and productivity.

Annual Minimum Vacation

The minimum amount of paid vacation time that employees are legally entitled to within a year, as mandated by law in certain jurisdictions.