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

question 56

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

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Definitions:

Blood Pressure

The force exerted by circulating blood on the walls of blood vessels, often measured for diagnostic purposes.

Stress

A physical or psychological response to internal or external pressures, often resulting in physical, mental, or emotional strain or tension.

Flexibility

The quality of bending easily without breaking, referring to the range of movement in a joint or series of joints.

Intervertebral Disks

The cartilage pads that sit between the vertebrae in the spine, acting as shock absorbers and allowing for flexibility.