Long-Term Liabilities Are Generally Divided Between Two Categories

question 32

Multiple Choice

Long-term liabilities are generally divided between two categories.What are these categories?

• A) Bank borrowings and private borrowings
• B) Bank borrowings and bonds
• C) Bank borrowings and bank loans
• D) Public bonds and private bonds

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Definitions:

Cognitive Deterioration

The gradual decline in cognitive function due to aging or neurological diseases.

Miscarriage

The spontaneous loss of a pregnancy before the fetus is viable, typically before 20 weeks of gestation.

Spouses

Individuals joined to others in marriage, often sharing a close personal and legal relationship that includes mutual rights and obligations.

Widowed Men

Men who have lost their spouses to death and are in the process of adjusting to life as a widow.