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:

Mortality

The condition of being susceptible to death or the occurrence of fatalities within a group of people.

Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through various means such as teaching, training, storytelling, discussion, and research.

Black Death

The devastating global epidemic of bubonic plague that struck Europe and Asia in the mid-14th century, killing millions of people and significantly impacting the course of history.

Well-to-do

Individuals or families that are comfortably wealthy or prosperous, often having more resources and financial security than the average.