Liabilities include all of the following except: Accounts Payable. Prepaid Insurance. Unearned Revenue. Notes Payable.

Liabilities include all of the following except:

		Accounts Payable.
		Prepaid Insurance.
		Unearned Revenue.
		Notes Payable.

Solutions

Expert Solution

The correct option is Prepaid insurance.

Prepaid insurance is a current asset.It is advance payments made and hence is not a part of liabilities.Liabilities are obligations that have to be met by the company in a period of time.

ekkarill92 answered 1 year ago

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