Accrued liabilities are disclosed in the financial statements by ... (a) a footnote to the statements. (b) showing the amount among the liabilities but not extending it to the liability total. (c) an appropriation of retained earnings. (d) appropriately classifying them as regular liabilities in the balance sheet.

(d) appropriately classifying them as regular liabilities in the balance sheet.

Explanation:

Accrued Liabilities are liabilities that have arisen as a result of uncertainty in the amount of the liability. However, such liabilities are as a result of a past event. For example, Company A engages the services of Company B for the maintenance of an equipment. The service is rendered before the end of the year but the invoice which would state the cost of the service to Company A is yet to be received by Company A. Since Company A has enjoyed the service, the expense will be recognized in the statement of profit and loss as a debit for the year using the best estimate available. The credit for this will be posted into the accrued liabilities account pending receipt of the invoice stating the exact cost of the service. As such, the accrued liabilities would be stated in the statement of financial position or balance sheet as a current liability.

Hence Option D appropriately classifying them as regular liabilities in the balance sheet is correct.