Which of the following current liabilities does not involve the future payment of cash?

A) Interest Payable.

B) Deferred Revenue.

C) Accounts Payable.

D) Salaries Payable.

Answer: B

An advantage of a classified balance sheet is that it is easy to see:

A) If the company is likely to be profitable in future periods.

B) If the company is profitable in the current period.

C) If current assets are large enough to pay current liabilities.

D) If dividends have been paid to stockholders.

Answer: C