The correct answer is: A. accrued liabilities
Accrued liabilities are liabilities that have been incurred but not yet paid. They are typically short-term obligations that will be paid within one year. Examples of accrued liabilities include accounts payable, accrued expenses, and accrued taxes.
Accounts payable are debts that a company owes to its suppliers for goods or services that have been received but not yet paid for. Accrued expenses are expenses that have been incurred but not yet paid, such as salaries that have been earned but not yet paid out. Accrued taxes are taxes that have been incurred but not yet paid, such as sales taxes that have been collected from customers but not yet remitted to the government.
Accrued liabilities are classified as current liabilities on the balance sheet. Current liabilities are liabilities that are due within one year. Other examples of current liabilities include accounts receivable, notes payable, and unearned revenue.
Non-current liabilities are liabilities that are not due within one year. Examples of non-current liabilities include long-term notes payable, bonds payable, and deferred income taxes.