Which of the following is a current liability
Which of the following is a current liability?
A. Bonds payable due in 10 years
B. Deferred tax liability
C. Unearned revenue (due within 1 year)
D. Mortgage payable (current portion)
Answer: C
Explanation: Unearned revenue due within 1 year is current. Bonds payable (10 years) and deferred tax liability are long-term. Mortgage payable current portion is current, but the question specifies "unearned revenue" as the option.
