All of the Following Statements Regarding Long-Term Liabilities Are True

question 128

Multiple Choice

All of the following statements regarding long-term liabilities are true except?

• A)Liabilities not expected to be paid within the longer of one year or the company's operating cycle are reported as long-term liabilities.
• B)Long-term liabilities include long-term notes payable,warranty liabilities,lease liabilities,and bonds payable.
• C)Liabilities that do not have a fixed due date,but are payable on demand,are reported as long-term liabilities.
• D)Long-term liabilities can be reported on the balance sheet in a single total or in multiple categories.
• E)A single long-term liability can be divided between current and noncurrent sections on the balance sheet.

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Definitions:

Organizational Commitment

The level of loyalty an employee feels towards their organization, often reflected in their willingness to remain with the company.

High-Stress Job

A position that consistently exposes the employee to significant stressors, often due to high pressure, workload, or the critical nature of the job’s outcomes.

Behavior Modification

A psychological technique that involves changing an individual's behaviors through reinforcement, punishment, or other interventions.

Stress

A physical, mental, or emotional strain or tension that results from adverse or demanding circumstances.