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:

Piaget

Refers to Jean Piaget, a Swiss psychologist known for his pioneering work in child development, especially his theory of cognitive development.

Construct Understandings

The process of forming mental concepts or models of how the world operates from experiences and information.

Sponges

Simple aquatic animals with porous bodies through which water flows, known for their lack of organs and ability to filter feed.