Which of the Following Items Is a Current Liability

question 62

Multiple Choice

Which of the following items is a current liability?

• A) Bonds due in three months (for which there is an adequate sinking fund classified as a long-term investment).
• B) Bonds due in three years.
• C) Bonds (for which there is an adequate appropriation of retained earnings) due in eleven months.
• D) Bonds to be refunded when due in eight months, there being no doubt about the marketability of the refunding issue.

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Definitions:

Sugarcoat

To make something appear more pleasant or acceptable by concealing its true nature or details.

Digital Media

Content or communication exchanged via digital devices, including text, audio, video, and graphics.

Webcast

A media presentation distributed over the Internet using streaming technology to distribute a single content source to many simultaneous viewers or listeners.

Intranet

A private network accessible only to an organization's staff, often used to share information, operational systems, or services within the company.