Assume You Are Preparing a Balance Sheet Dated December 31,2014

question 131

Multiple Choice

Assume you are preparing a balance sheet dated December 31,2014.Which of the following is NOT a long-term liability?

• A) bonds payable due June 30, 2016
• B) bonds payable due June 30, 2015
• C) bonds payable due December 31, 2016
• D) bonds payable due December 31, 2020