Current liabilities must be paid for within 30 days to be classified as current. (Points : 1)

True

False

Question 2. 2. Current liabilities would include a note payable due 14 months from the end of the accounting period. (Points : 1)

True False

Question 3. 3. The account Unearned Revenue is generally considered to be a current liability account. (Points : 1)

True False

Question 4. 4. Employer payroll taxes payable would be considered a current liability. (Points : 1)

True False

Question 5.5. Typically unemployment insurance is part of the employee taxes withheld. (Points : 1)

True False