(a)Which item below is not a current liability?

Prepaid expense

Trade accounts payable

Unearned revenue

Sales tax payable

( b)Kent State recently purchased PJ Restaurant and the land on which it is located with the plan to tear down the PJ Restaurant and build a new conference center on the site. The cost of removing the PJ Restaurant should be:

Group of answer choices

Capitalized as part of the cost of the new conference center.

Capitalized as part of the cost of the land.

Written off as a loss in the year the restaurant is torn down.

Expensed as occurred.