All Liabilities That Are Not Classified as Current Liabilities Are

question 22

Short Answer

All liabilities that are not classified as current liabilities are classified as __________.

---

Definitions:

Nonprofit Organization

A type of organization that does not distribute its surplus funds to owners or shareholders but uses them to help achieve its goals, which are often related to public benefit.

Internal Revenue Service

The United States federal agency tasked with tax collection and tax law enforcement.

501(c)(3)

A tax-exempt, nonprofit classification under the U.S. Internal Revenue Code allowing charitable organizations to be exempt from federal income tax.

Lobbying Laws

Regulations that govern the activities and practices of individuals and organizations attempting to influence political decisions or policy outcomes.