Which of the Following Would Not Be Classified a Long-Term

question 24

Multiple Choice

Which of the following would not be classified a long-term liability?

• A) Current maturities of long-term debt
• B) Bonds payable
• C) Mortgage payable
• D) Lease liabilities

---

Definitions:

Full Strict Scrutiny

A legal standard requiring the government to prove that a law or policy is necessary to achieve a compelling state interest and is narrowly tailored to achieve that interest.

Compelling Government Purpose

A legal concept referring to a reason the government may use to justify the imposition of restrictions that might otherwise infringe on individual rights, provided it is necessary for a significant public goal.

Separation of Powers

A foundational principle of governance where the state's responsibilities are divided among different branches, typically the legislative, executive, and judicial branches, to prevent the concentration of power.

Federal Courts

Courts established by the federal government of a country, with the authority to hear disputes that fall under federal law or involve parties from different states.