1. Which one is not belongs to liability? A.Mobile Phone BillB.Bank LoanC.Bank BalanceD.Owed to Friends 2. Mr.W has current assets of $500 and total assets of $1500. ABC has current liabilities of...

1. Which one is not belongs to liability? A.Mobile Phone Bill B.Bank Loan C.Bank Balance D.Owed to Friends 2. Mr.W has current assets of $500 and total assets of $1500. ABC has current liabilities of $300 and total liabilities of $800. What is the amount of ABC's owner's equity? A.200 B.700 C.900 C.800 3.Which of the following would normally be a current liability? A. Note Payable Due In Two Years B. Unearned Revenue