Which Is Not a Current Liability

question 47

Multiple Choice

Which is not a current liability?

• A)Accounts payable due in 120 days.
• B)Bank loan due in three years that is in default.
• C)Bonds payable maturing in five years.
• D)Certain held for trading liabilities.

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Definitions:

Mediation

A form of dispute resolution where a neutral third party helps conflicting parties to reach a mutually satisfactory agreement.

Arbitration

A dispute resolution method where an impartial third party makes a binding decision to resolve a conflict between parties, often used in labor disputes.

Work to Rule Campaign

A form of industrial action in which workers perform their tasks exactly to the specifications of their contracts, refusing to do any more, often to slow down production or services as a protest.

Neutral Third-party

An unbiased individual or entity involved in resolving a dispute or negotiation, not favoring either side involved in the conflict.