Which item below is not a current liability? Select one: a. Unearned revenue b. Trade accounts payable C. Share dividends distributable d. The currently maturing portion of long-term debt Merchandise sold by Lang Company to its customers last year amounted to $13,720,000; sales returns and allowances were $370,000, sales discounts were $175,000, and freight-out was $140,000. Net sales last year for Lang Company were a. b. C. d. Select one: a. $13,350,000. b. $13,720,000. ndoo C. $13,175,000. d. $13,035,000. Which of the following is not an acceptable major asset classification? Select one: a. Deferred charges b. Investments C. Current assets d. Property, plant, and equipment The statement of financial position can help assess all of the following except n Select one: a. Profitability. b. Liquidity. C. Solvency. O d. Financial flexibility. Which of the following adjustments would require decreasing the liabilities reported on the statement of financial position? Select one: a. A company has earned $400 of revenue collected at the beginning of the year. b. A company records $400 worth of depreciation on equipment. C. A company records $400 of wages earned by employees that will be paid next year. d. A company uses $400 worth of supplies during the year