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:

Labor-Intensive

Describing tasks, processes, or industries that require a large amount of manual work relative to the investment in machinery.

High-Maintenance

Referring to someone or something that requires a lot of time, attention, or money to maintain or manage.

Moderately Labor-Intensive

Describes tasks or processes that require a significant but not excessive amount of physical or mental effort.

Cleanliness of Home

The state or quality of a living space being clean, orderly, and free from dirt or contaminants, contributing to a healthy and pleasant environment.