Final answer:
Salaries Payable is not an example of a current liability, while Dividends Payable, Preferred dividends in arrears, and Unearned Service Revenue are all examples.
Step-by-step explanation:
D. Salaries Payable is not an example of a current liability. Current liabilities are obligations that are expected to be settled within a year or the operating cycle, whichever is longer. Salaries Payable represents the amount owed to employees for their work, which is typically settled within the next payroll cycle.
On the other hand, A. Dividends Payable is an example of a current liability. It represents the dividends that a company has declared but has not yet paid to its shareholders. B. Preferred dividends in arrears is also a current liability. It refers to the dividends on preferred stock that have not been paid in previous periods and are still owed to shareholders. C. Unearned Service Revenue is another example of a current liability. It represents the cash received in advance from customers for services that have not yet been provided.
However, Preferred dividends in arrears are not considered a current liability because this refers to unpaid dividends from past periods on preferred shares. They represent a form of accumulated dividend obligation but are not typically due within the normal operating cycle unless declared.