What Are "Non-Current Liabilities

question 44

Multiple Choice

What are "non-current liabilities"?

• A)Obligations that are expected to be settled in the next operating cycle of the company.
• B)Obligations that are expected to be settled within the next the company's next 12 months.
• C)Obligations that are expected to be settled more than 12 months after the company's year end.
• D)Obligations that are expected to be settled more than 24 months after the company's year end.

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Definitions:

Due Diligence Defense

A legal defense used in securities law where the accused party argues they conducted a comprehensive and reasonable investigation prior to an alleged wrongdoing.

Private Placement Exemption

A regulatory exception that allows companies to sell securities directly to a limited number of qualified investors without the need for a public offer.

SEC

The Securities and Exchange Commission, a U.S. federal agency responsible for enforcing federal securities laws and regulating the securities industry.

Registration

The act of officially recording or enrolling someone or something with a specific authority or database, often required for legal recognition or protection.