Which of the Following CANNOT Be Classified as a Current

question 25

Multiple Choice

Which of the following CANNOT be classified as a current liability?

• A) Accounts payable
• B) Provision for long service leave
• C) Loans
• D) Inventory

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Definitions:

Subscriber

The person who has been insured; an insurance policyholder.

Insurance Policyholder

An individual or entity who owns an insurance policy and is entitled to coverage and benefits as specified in the policy agreement.

CHAMPVA

A health care benefits program managed by the Department of Veterans Affairs for the dependents of veterans who are permanently and totally disabled due to service-related conditions.

Service-Connected Disabilities

Disabilities that are recognized as being directly related to military service.