Which of the Following Should Be EXCLUDED from Long-Term Liabilities

question 195

Multiple Choice

Which of the following should be EXCLUDED from long-term liabilities?

• A)derivatives
• B)employee future benefits obligations
• C)long-term liabilities maturing within the operating cycle, but will be paid from a sinking
• Fund
• D)bonds payable maturing in five years

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Definitions:

Value

The importance, worth, or usefulness of something, often determined by personal beliefs, market forces, or cultural norms.

Express Warranty

An oral or written statement, promise, or other representation about the quality of a product.

Smart Phone

A mobile phone offering advanced features beyond making calls and sending text messages, including internet access and various apps.

Breaches Contract

Occurs when one party fails to fulfill its obligations under the contract, violating the agreement.