Which of the following is a current liability? Select one: a. All of these answer choices...

Question

Question

Which of the following is a current liability?

Select one:

a. All of these answer choices are correct.

b. A dividend payable in the form of additional shares.

c. A cash dividend payable to preference shareholders.

d. Current maturities of long-term debt that is to be refinanced from the proceeds of a new long-term debt issue.

business accounting

Answer 1

Answer #1

A cash dividend payable to preference shareholders is a current liability.

A dividend payable in the form of additional shares is a part of stockholders' equity.

Current maturities of long-term debt that is to be refinanced from the proceeds of a new long-term debt issue are long term liabilities.

Option C is correct

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Answer 2

Answer #2

OPTION c. A cash dividend payable to preference shareholders.

(Dividends payable is a current liability as the dividends have accrued but not yet paid.

These dividends will have to be paid in a short period)

answered by: Tulsiram Garg

Answer 3

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