Which of the following is not a liability?
A. Notes payable due in 3 years.
B. Deferred Revenue.
C. Utilities Payable.
D. Dividends.
A. Notes payable due in 3 years. - Its a long term liability since its greater than 1 year
B. Deferred Revenue.:- its a liability since it represents unearned portion of revenue
C. Utilities Payable. Since its payable its a liability .Usually its a short term liability that settles in next accounting period
D. Dividends. -- THIS IS NOT LIABILITY dividend itself is not a libility it represents the part of retained earning . Dividend once declared becomes a temporary liability .
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