Which Is Not a Current Liability

question 47

Multiple Choice

Which is not a current liability?

• A)Accounts payable due in 120 days.
• B)Bank loan due in three years that is in default.
• C)Bonds payable maturing in five years.
• D)Certain held for trading liabilities.

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Definitions:

Safety Net

Programs or measures designed to provide a minimum level of security, support, or financial assistance to individuals or families, especially in times of unemployment, poverty, or economic hardship.

Sexual Misconduct

Inappropriate behavior of a sexual nature, often involving coercion or abuse of power.

Republican Revolution

A political revolution led by the Republican Party, though the term could refer to different historical events depending on context.

Microprocessor

An integrated circuit that contains the functions of a central processing unit of a computer, responsible for performing arithmetic, logic, controlling, and processing operations.