Which of the Following Liabilities Will Be Reported Only as a Current

question 4

Multiple Choice

Which of the following liabilities will be reported only as a current liability?

• A)Bank overdraft.
• B)Unearned revenue.
• C)Bond payable that matures in two years.
• D)Obligation under customer loyalty plan.

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Definitions:

Culture Shock

The feeling of disorientation or discomfort that often comes from encountering a foreign culture or significant changes to one’s usual way of life.

Anxiety

A feeling of worry, nervousness, or unease, often about an imminent event or something with an uncertain outcome.

GLOBE Leadership Styles

A framework categorizing various leadership behaviors identified in the Global Leadership and Organizational Behavior Effectiveness research program.

Administratively Competent

Pertains to possessing the skills and ability to efficiently manage organizational processes and systems.