Which of the Following Should Be EXCLUDED from Long-Term Liabilities

question 75

Multiple Choice

Which of the following should be EXCLUDED from long-term liabilities?

• A) derivatives
• B) employee future benefits obligations
• C) long-term liabilities maturing within the operating cycle, but will be paid from a sinking fund
• D) bonds payable maturing in five years

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Definitions:

Careful and Consistent Research

The meticulous and steady collection, analysis, and interpretation of data to ensure reliability and validity in studies.

Common Sense

The basic level of practical knowledge and judgment that we all need to help us live in a reasonable and safe way.

Value Judgments

Assessments based on personal beliefs or societal standards about what is important, right, or valuable.

Overestimate

To assess something as being greater, larger, or more important than it actually is.