On a company's balance sheet, which of the following is classified as a current liability?

On a company's balance sheet, which of the

Multiple choice — select the best answer

AAccounts receivable due within 90 days
BAccounts payable due within 30 days
CLong-term mortgage payable over 20 years
DCommon stockholders' equity

✓ Correct answer: B. Accounts payable due within 30 days Current liabilities are obligations expected to be settled within one year, and accounts payable — amounts owed to suppliers for goods or services already received — are a classic example.

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Topic: Uniform Investment Adviser Law

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On a company's balance sheet, which of the following is classified as a current liability?

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