Which of the Following Accounts Would Normally Be Classified as a Current

question 67

Multiple Choice

Which of the following accounts would normally be classified as a current liability?

• A)Dividends declared.
• B)Unearned revenue.
• C)Wages expense.
• D)None of the above.

---

Definitions:

Concrete Identifications

The process in early child development where children categorize objects and persons in their environment in a literal and straightforward manner.

Naming Conventions

Established rules for determining the names of things within a particular field or industry.

Abstract Information

Concepts or ideas that are not concrete or tangible but are understood intellectually or represent something symbolically.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or touched.