Which of the Following Liabilities Is Properly Classified as a Current

question 64

Multiple Choice

Which of the following liabilities is properly classified as a current liability?

• A)currently maturing bonds payable that will be paid out of a fund accumulated for that purpose
• B)short-term notes payable being refinanced with long-term notes
• C)obligations that will be paid outside the operating cycle
• D)obligations for goods and services that have entered the operating cycle