MUI TUI eden) 1) Accounts receivable is a current asset. a. True b. False 2) Land is subject to depreciation. a. True b. False 3) The account Unearned Revenue is a revenue account. a. True b. False 4) Accounts payable, wages payable and income taxes payable are all considered to be current liabilities. a. True b. False 5) Operating income summarizes the results of basic operating activities of a company. a. True b. False