Examples of current liabilities are all of the following except

Examples of current liabilities are all of the following except a. current portion of long-term debt. b. accounts receivable.The journal entry a company uses to record accrued vacation privileges for its employees at the end of the year is a. debit SPostretirement benefits may include all of the following except a. tuition assistance. b. dental care. c. vacation pay. d. Al

Answer

1) (b) accounts receivable Explanation: it is a current asset . 2) (b) debit Vacation Pay Expense; credit Vacation Pay Payable Explanation: Separate Account is opened as Vacation Pay Expense and Vacation Pay Payable becomes a liability. . 3) (c) Vacation pay

Explanation: Post-retirement benefits don’t include pays for vacations.

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