On December 31, 2019, Accrued Warranty Payable is reported on the balance sheet for White and Decker Company. The liability pertains to products sold, in 2019, with fiveyear warranties. The Accrued Warranty Payable should be reported on the balance sheet at December 31, 2019 as a:

A. part of stockholders' equity.

B. long-term liability only.

C. current liability and a long-term liability.

D. current liability only.