Which of the following is not a long-term liability? Current maturities of long-term debt Long-term notes...
Which of the following is not a long-term
liability?
| Current maturities of long-term debt |
| Long-term notes payable |
| Bonds payable |
Homework Answers
Answer: Current maturities of long term debt
Explanation:
Current maturities of long term debt is not a long term liability it is a current liability, As current liabilities are the liabilities which will be matured in a year. Long term notes payable and Bonds payable are Long term liability.
1st OPTION . Current maturities of long-term debt.
( long-term debts matured or going to be matured shortly during the year and will have to be paid during the year is NOT a long-term liability. It is a short-term liability).
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