Question

reen Living Construction Company installs solar panels in large newly constructed buildings. The company employs several expert installers who work on a full-time basis. Although the installers work every day, the company pays them at the end of the month, for the previous month's work. Employee salaries are recorded as ___________ on Green Living's balance sheet. long-term liabilities current liabilities capital cash flows retained earnings

Answer 1

current liabilities

Step-by-step explanation:

• Current liabilities refer to short-term loans to banks for business in a company during the fiscal year and include customer deposits, loan utilization, taxes and interest payable.
• In a company, current liabilities are in the form of money, which is payable to the supplier in accounts payable.
• As per question, the salaries of Green Living Construction Company employees are primarily recorded as the current liabilities of the company's balance sheet.