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Select the items from the following list that can be classified as a current liability, non-current liabilities, a provision or a contingent liability. Accounts payable

Select the items from the following list that can be classified as a current liability, non-current liabilities, a provision or a contingent liability.

  • Accounts payable
  • Unearned revenue
  • Accrued revenues
  • Accrued expenses
  • Provision for warranty repair costs (1 year)
  • 20 - year debentures
  • Mortgage payable (30 years)
  • Accumulated depreciation
  • Allowance for doubtful debts
  • Income tax payable
  • An unresolved lawsuit against the entity for copyright infringement
  • Environment damage that an entity has undertaken to repair

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