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:

Authority

The power or right to give orders, make decisions, and enforce obedience.

Royal Colony

A type of colonial administration of the British overseas territories, governed directly by the crown through a royal governor.

Puritan Leaders

Influential figures within the Puritan movement, which was a significant religious reform movement within the Church of England, aiming to simplify and regulate forms of worship.