Final answer:
Prepaid insurance is likely never a current liability because it is an asset representing services to be received in the future; other options listed typically are current liabilities.
Step-by-step explanation:
The student has asked which of the following is likely never a current liability: Payments received in advance from customers, salaries earned by employees that will not be paid until the next accounting period, prepaid insurance, or amounts owed to suppliers that will be paid in the next three months. In accounting terms, a current liability is an obligation that is payable within one year. Of the options provided, prepaid insurance is typically not considered a current liability. Instead, it is an asset because it represents a service that the company has paid for in advance and will receive in the future.
The other options, like payments received in advance from customers, salaries earned by employees, and amounts owed to suppliers, are typical current liabilities. For instance, payments received in advance are liabilities because the business owes goods or services to its customers, and the amounts are usually settled within a year. Similarly, salaries and amounts owed to suppliers represent obligations that the business must pay within the foreseeable future, thus meeting the criteria for current liabilities.