Long-Term Liabilities

question 14

Multiple Choice

Long-term liabilities:

• A) Are liabilities arising from future events.
• B) Are sometimes reported on the income statement.
• C) Are obligations requiring payment within one year or less.
• D) Are not recorded until they are paid.
• E) Are obligations of a company not requiring payment within one year.

---

Definitions:

Short-Range Wireless

Wireless communication technologies designed for short distances, such as Wi-Fi, Bluetooth, and NFC, typically used in consumer electronics for connecting devices.

Mobile Wallets

Digital versions of traditional wallets that someone can have on their mobile devices, allowing them to carry out electronic transactions.

Mobile Devices

Portable electronic devices with computing capabilities, such as smartphones and tablets, that allow for communication, information consumption, and application use on the go.

Barrier To Wi-Fi Expansion

Factors or obstacles that prevent or hinder the growth and wider deployment of Wi-Fi technology and networks.