Which of the Following Accounts Could Be Categorized as Either

question 45

Multiple Choice

Which of the following accounts could be categorized as either a current or noncurrent liability depending on date the debt is due?

• A)Notes payable and deferred taxes.
• B)Accounts payable and current portion of long-term debt.
• C)Deferred taxes and mortgages due in 30 years.
• D)Long-term warranties and accounts payable.