Long-Term Liabilities Include All of the Following,except for

question 73

Multiple Choice

Long-term liabilities include all of the following,except for

• A)future income taxes.
• B)lease liabilities.
• C)wage obligations.
• D)pension liabilities.

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Definitions:

Proposal

A formal suggestion or plan, typically detailed in a document, outlining a course of action or project.

Excise Tax

A tax imposed on specific goods, services, or transactions, often with the goal of discouraging their consumption or generating revenue.

Imposed

Placed or set upon as an obligatory requirement, often by authority.

Good

An item or product that is produced and consumed to satisfy human wants or needs.