Which of the Following Should Be Excluded from Long-Term Liabilities

question 79

Multiple Choice

Which of the following should be excluded from long-term liabilities?

• A) Obligations payable at some date beyond the operating cycle
• B) Most pension obligations
• C) Non-current liabilities that mature within the operating cycle and will be paid from a sinking fund
• D) None of these choices are correct.

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Definitions:

Pliable

Capable of being bent or flexed easily; flexible and adaptable, often used in the context of materials or sometimes to describe characteristics.

Rabies

A viral disease that causes inflammation of the brain in humans and other mammals, typically transmitted through the bite of an infected animal.

Carriers

Individuals or organisms that harbor a disease-causing organism but do not show symptoms, potentially transmitting the disease to others.

Raccoons

North American mammals known for their distinctive black "mask" of fur around their eyes and their highly dexterous front paws.