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The time period for classifying a liability as current is one year or the operating cycle, whichever
is shorter. longer. possible. probable. Which of the following is not a typical current liability?
Federal unemployment taxes payable Current maturities of long-term debt Prepaid rent Unearned
passenger ticket revenue

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  • 1. The time period for classifying a liability as current is one year or the operating cycle, whichever is shorter. longer. possible. probable. Which of the following is not a typical current liability? Federal unemployment taxes payable Current maturities of long-term debt Prepaid rent Unearned passenger ticket revenue