Non-Current Liabilities Are Reported in a Separate Section of the Statement

question 247

True/False

Non-current liabilities are reported in a separate section of the statement of financial position immediately below current liabilities.

---

Definitions:

Gold

A precious yellow metal that has been used for coinage, jewelry, and other arts throughout recorded history and acts as an economic and financial asset.

United States Supreme Court

The highest federal court in the United States, consisting of nine justices and holding ultimate appellate jurisdiction over all U.S. federal court and state court cases involving matters of federal law.

Woman's Private Decision

A term often related to discussions around reproductive rights and body autonomy, emphasizing the belief that certain choices should be made by the individual woman rather than being legislated or controlled by others.

George McGovern

An American politician and historian, best known for being the Democratic Party's nominee for President in 1972.