Which of the Following Items Is the Current Liability

question 40

Multiple Choice

Which of the following items is the current liability?

• A) long-term borrowings
• B) accounts receivable.
• C) accrued utilities expenses.
• D) rent expense.

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Definitions:

Standard Of Living

denotes the level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Nominal GDP

Refers to the gross domestic product measured at current market prices, without adjusting for inflation.

Technological Change

A change in the methods of production and product innovation that leads to greater efficiency and productivity.

Unemployment

A situation where individuals who are capable of working and are actively seeking employment are unable to find a job.