Which of the Following Statements Is True with Respect to Long-Term

question 94

Multiple Choice

Which of the following statements is true with respect to long-term liabilities?

• A)They are obligations that will be satisfied within one year.
• B)An account payable is a good example of a long-term liability because it is interest-bearing.
• C)Long-term liabilities include bonds,other long-term liabilities,and deferred income taxes.
• D)Accrued expenses are considered to be long-term liabilities.

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Definitions:

Chiromancy

The practice of palm reading or palmistry, where the lines and features of the hand are analyzed to predict future events and understand personal characteristics.

Food-Foraging Cultures

Societies that subsist primarily by hunting, fishing, and gathering wild food resources, rather than farming or raising animals.

Goddesses

Female deities revered in many religions and mythological traditions, often associated with particular aspects of nature, life, or the cosmos.

Religiously Unaffiliated

Individuals who do not identify with any organized religion, including atheists, agnostics, and people who describe their religion as "nothing in particular."