Which of the Following Is Not a Current Liability

question 106

Multiple Choice

Which of the following is not a current liability?

• A) Accounts payable.
• B) A note payable due in two years.
• C) Accrued interest payable.
• D) Sales tax payable.

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Definitions:

Conduct Disorder

Age-inappropriate actions and attitudes that violate family expectations, society’s norms, and the personal or property rights of others.

Family Expectations

The beliefs or standards that family members have regarding the behavior, achievements, or roles of its members.

Society's Norms

The expected patterns of behavior and belief that are accepted and enforced by a group or society.

Property Rights

Legal rights to possess, use, and dispose of assets including real estate, personal property, and intellectual property.