which of the following is not classified as a liability? multiple choice accounts receivable. accounts…
which of the following is not classified as a liability? multiple choice accounts receivable. accounts payable. wages payable. taxes payable. notes payable.
Answer
Brief Explanations:
Liabilities are obligations a company owes. Accounts payable, wages payable, taxes payable, and notes payable are all amounts the company is required to pay. Accounts receivable is the amount owed to the company by its customers, and it is an asset, not a liability.
Answer:
A. Accounts Receivable