Which of the following would most likely be classified as a current liability?

A) two-year note payable
B) bond payable
C) mortgage payable
D) unearned rent

Note Payable

A written promise to pay a specified amount of money, usually with interest, at a future date; it is a type of liability on the balance sheet.

Bond Payable

A long-term liability representing borrowed funds that the company is obligated to repay to bondholders at a specified future date.

Unearned Rent

Income received by a landlord for rent payments ahead of the rental period, considered a liability until the period occurs.