Which of the following are included in current liabilities?

A) Note payable to a supplier in eighteen months.
B) Debt payable to a mortgage company in nine months.
C) 30 year bonds.
D) Retained earnings.
E) Shareholders' equity.

Question

Alonzo Rivera · Accepted Answer

Final Answer : B, Explanation :  Current liabilities are financial obligations of a business entity that are due and payable within a year. Debt payable to a mortgage company in nine months fits this definition, as it is an obligation that needs to be settled within the year.

Which of the following are included in current liabilities?

A) Note payable to a supplier in eighteen months.
B) Debt payable to a mortgage company in nine months.
C) 30 year bonds.
D) Retained earnings.
E) Shareholders' equity.

Definitions

Learning Objectives

Learning Objectives

Related questions

Which of the following are included in current liabilities?A) Note payable to a supplier in eighteen months.B) Debt payable to a mortgage company in nine months.C) 30 year bonds.D) Retained earnings.E) Shareholders' equity.

Definitions

Learning Objectives

Learning Objectives

Related questions

Which of the following are included in current liabilities?

A) Note payable to a supplier in eighteen months.
B) Debt payable to a mortgage company in nine months.
C) 30 year bonds.
D) Retained earnings.
E) Shareholders' equity.