Which of the Following Is not Classified as a Current

question 62

Multiple Choice

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

• A)Accounts payable
• B)Note payable,due in 2 years
• C)Salaries and wages payable
• D)Income taxes payable

Understand the nature and purpose of managerial accounting.

Recognize the distinction between line and staff departments within the organizational structure.

Identify the roles and responsibilities of key accounting positions within an organization.

Distinguish between different types of costs (direct materials, direct labor, and factory overhead).

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