Types of Liabilities Video Lessons

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Problem: Which of the following accounts could not be classified as a current liability? a. Unearned revenues b. Accounts payable c. Notes payable (due in 11 months). d. Notes payable (due in 5 years).

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Which of the following accounts could not be classified as a current liability?

a. Unearned revenues

b. Accounts payable

c. Notes payable (due in 11 months).

d. Notes payable (due in 5 years).

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