Final answer:
Current liabilities that arise from transactions with lenders include loans payable, notes payable, and interest payable.
Step-by-step explanation:
Current liabilities that arise from transactions with lenders include loans payable, notes payable, and interest payable. These liabilities represent the amount of money owed by a company to lenders or creditors and are usually short-term in nature, typically due within one year. For example, if a company borrows money from a bank to purchase inventory or equipment, the loan amount would be recorded as a liability on the company's balance sheet.
Another example is if a company issues bonds to raise capital, the amount owed to bondholders would be classified as a liability. The interest on these loans or bonds that has accrued but not yet been paid is recorded as interest payable.
In summary, current liabilities that arise from transactions with lenders include loans payable, notes payable, and interest payable. These represent the short-term obligations of a company to repay borrowed funds or interest to lenders.