Which of the Following Is Least Likely to Be Included

question 2

Multiple Choice

Which of the following is least likely to be included in long-term liabilities?

• A)obligations for future pension payments
• B)capital leases payable
• C)liabilities on options to sell stock
• D)unearned revenues

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Definitions:

Interest Rate

The percentage at which interest is paid by a borrower for the use of money that they borrow from a lender.

Investment Banks

Financial institutions that provide services such as underwriting, mergers and acquisitions, and advisory services to corporations and governments.

Lehman Brothers

A former global financial services firm that filed for bankruptcy in 2008, becoming a symbol of the largest bankruptcy in U.S. history and a catalyst for the global financial crisis.

Bankrupt

A financial condition in which an individual or organization is unable to meet their debt obligations.