An Example of a Current Liability Is

question 6

Multiple Choice

An example of a current liability is:

• A) Retained earnings
• B) Accumulated depreciation
• C) Owner's equity
• D) Bank overdraft

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Definitions:

United States

A federal republic in North America, comprising 50 states, a federal district, and several territories, known for its diverse population and significant influence on global affairs.

Number

A mathematical object used to count, measure, and label; fundamental in mathematics and applicable in various sciences.

Great Railroad Strike

A significant labor action in 1877 in the United States, where railroad workers launched a strike due to wage cuts, leading to widespread unrest.

Baltimore & Ohio

The Baltimore and Ohio Railroad, established in 1827, notable for being one of the oldest railroads in the United States and a key development in American transportation history.