Which of the following would NOT usually be classified as a current liability? Bank demand loan Dividend payable Accounts payable None of the other answers is correct - all would be classified as current liabilities. If a company asks a customer to make a small cash payment as a deposit before receiving a good or service. This cash deposit is an example of a: prepaid asset. sales return. mutually unexecuted contract. partially executed contract. Banks often ask for collateral when a company borrows money. Which of the following statements about collateral is NOT true? The company's inventory on the balance sheet can be used as collateral. If a company offers more collateral to the bank it may be able to negotiate a lower interest rate. None of the other answers is correct - all of the statements are true. The company's goodwill on the balance sheet can be used as collateral