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

question 40

Multiple Choice

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

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

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Definitions:

Metabolism

The complex set of life-sustaining chemical reactions in organisms that enable the conversion of food to energy, elimination of nitrogenous wastes, and synthesis of necessary compounds.

Waste Products

Substances produced through metabolic and other processes in organisms that are no longer needed and are excreted or removed.

Musculomembranous Tube

A type of biological tube consisting of muscle and membrane layers, such as the gastrointestinal tract.

Bladder

A hollow organ in the lower abdomen that stores urine from the kidneys before it is excreted from the body.