Which of the Following Items Should Not Appear in the Long-Term

question 84

Multiple Choice

Which of the following items should not appear in the long-term liability section of the balance sheet?

• A) Accrued income taxes
• B) Deferred income taxes
• C) Bonds payable
• D) Pension obligations

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Definitions:

Seismic-Reflection Profile

A cross section plotting data gathered from a seismic-reflection survey.

Continental Shelf

The extended perimeter of each continent, which is submerged under relatively shallow sea before dropping into the deep ocean.

Seismic Surveys

Techniques used to investigate the Earth's subsurface by generating, recording, and analyzing seismic waves.

Continental Slope

A submarine slope that connects the continental shelf with deeper seafloor.