Which of the Following Accounts Is Not Classified as a Current

question 52

Multiple Choice

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

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

Determine projected amount of fixed costs with given unit sales, selling price, and variable cost.

Compute variable cost per unit given earnings before interest and taxes, fixed costs, selling price, and sales quantity.

Identify the contribution margin at the accounting break-even point.

Evaluate the contribution margin per unit based on expected sales, price, variable costs, and fixed costs.

---

Definitions:

W-4

A form used in the United States for income tax withholding purposes, allowing employers to withhold the correct federal income tax from an employee's pay.

Federal Taxes

Taxes administered and collected by the federal government on income, sales, and activities within its jurisdiction.

Paychecks

Regular payments made to employees for their work, typically on a fixed schedule.

State Directory

A comprehensive listing of government and administrative offices within a specific state, often available online.