Which of the Following Statements Is True with Respect to Long-Term

question 94

Multiple Choice

Which of the following statements is true with respect to long-term liabilities?

• A)They are obligations that will be satisfied within one year.
• B)An account payable is a good example of a long-term liability because it is interest-bearing.
• C)Long-term liabilities include bonds,other long-term liabilities,and deferred income taxes.
• D)Accrued expenses are considered to be long-term liabilities.

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