Which of the following is an example of a current liability?

Salaries represent a current liability because they are amounts owed to employees for work performed that are expected to be paid in the short term, typically within one year. Current liabilities are debts or obligations that a company needs to settle soon, and salaries fit this definition as they are usually paid on a monthly or biweekly basis.

In contrast, land is classified as a fixed asset or long-term asset since it is not intended to be sold or used up in the short term. Stocks, depending on their nature, can also be considered investments or equity stakes in other companies rather than liabilities. Long-term leases typically represent a commitment that extends beyond one year and, therefore, classify as long-term liabilities rather than current ones. Each of these other choices represents a different aspect of a company's financial structure that does not match the definition of a current liability.