Which of the Following Would Not Normally Be Classified as a Non-Current

question 131

Multiple Choice

Which of the following would not normally be classified as a non-current liability?

• A)current maturities of non-current debt
• B)bonds payable
• C)mortgage payable
• D)lease liabilities

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Definitions:

Market Rate

The prevailing rate of interest or return available on investments, often referred to in the context of loans or savings.

Capital Loss

The loss incurred when the selling price of an asset is less than the purchase price, reflecting a decrease in the value of the asset.

Put Bond

A type of bond that allows the holder to force the issuer to buy back the bond at specified times before maturity.

Deferred Call Provision

A clause in a bond contract that prohibits the issuer from repurchasing the bond until a specified date has passed.