Which of the Following Is Not a Current Liability

question 29

Multiple Choice

Which of the following is not a current liability?

• A) income tax payable
• B) accounts payable
• C) subscriptions collected one year in advance
• D) bond sinking fund

Differentiate between various forms of credit agreements.

Comprehend the importance of maturity matching in financing.

Grasp why self-liquidating loans are preferred by banks.

Know the effects of not taking prompt payment discounts on borrowing rates.

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Definitions:

\(x^6\)

A mathematical expression representing a variable, x, raised to the power of 6.

\(y^8\)

Represents y raised to the power of eight, a mathematical expression indicating repeated multiplication of y by itself 7 more times.

Pascal's Triangle

Pascal's Triangle is a triangular array of binomial coefficients, with each row constructing the coefficients of the expansions of a binomial raised to consecutive powers.

Expression

A combination of symbols that jointly represent a quantity; may include numbers, variables, and operation symbols.