If a Payment of Principal Is Due in 13 Months

question 22

Multiple Choice

If a payment of principal is due in 13 months on a long-term liability,that payment will now appear on the balance sheet as:

• A) a current liability.
• B) long-term debt.
• C) cash.
• D) interest expense.

---

Definitions:

IWW

The Industrial Workers of the World, a union aiming at uniting all workers to work as a cohesive group for labor rights.

Employers

Individuals or entities that hire and pay people to work for them, typically within the context of a business or organization.

Syndicalism

A political and economic theory promoting the direct action of workers and the management of industry through trade unions.

IWW

The Industrial Workers of the World, a radical labor union founded in 1905, aimed at uniting all workers in an effort to overthrow the employing class.