Question: Select the items from the following list that can be classified as a current liability, non-current liabilities, a provision or a contingent liability. Accounts payable
Select the items from the following list that can be classified as a current liability, non-current liabilities, a provision or a contingent liability.
Accounts payable
Unearned revenue
Accrued revenues
Accrued expenses
Provision for warranty repair costs (1 year)
20 - year debentures
Mortgage payable (30 years)
Accumulated depreciation
Allowance for doubtful debts
Income tax payable
An unresolved lawsuit against the entity for copyright infringement
Environment damage that an entity has undertaken to repair
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