Which of these represents a current liability?

Wages Payable is indeed a current liability because it represents the amount that a company owes to its employees for work that has been performed but not yet paid for, and is expected to be settled within one year. Current liabilities are obligations that are expected to be paid off within a year and typically include items like accounts payable, short-term loans, and accrued expenses such as wages.

In contrast, Mortgage Payable is a long-term liability if it is scheduled for repayment over a period longer than one year, as it typically involves larger, longer-term financing for a property. Equipment and Land are not liabilities at all; they are classified as assets. Equipment refers to the tangible goods a company uses to produce goods and services, while Land is a type of fixed asset representing real estate owned by the company. Thus, Wages Payable stands out as the correct representation of a current liability in the context provided.