Question

How are other current liabilities classified?

a.

Only as current maturities of long-term debt.

b.

Current maturities of long-term debt, finance lease obligations, and income received in advance.

c.

Current maturities of long-term debt, finance lease obligations, and unpaid dividends.

d.

Current maturities of long-term debt, finance lease obligations, and unpaid matured deposits.

Posted under IC 89 Management Accounting

Answer: (b).Current maturities of long-term debt, finance lease obligations, and income received in advance. Explanation:Other current liabilities are classified as current maturities of long-term debt, finance lease obligations, income received in advance, and more.

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Q. How are other current liabilities classified?
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