Obligations of the Entity That Can Be Paid Over a Period

question 54

Multiple Choice

Obligations of the entity that can be paid over a period of more than one year from the balance sheet date are classified as:

• A) non-current assets.
• B) current liabilities.
• C) non-current liabilities.
• D) long-standing obligations.

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Definitions:

Compliment

An expression of praise, commendation, or admiration.

Maintenance Skills

These are the abilities required to repair, care for, and keep machinery, buildings, or equipment in good condition.

Affect

To make a difference to or have an influence on something or someone.

Passenger Service

A range of services provided to individuals traveling or commuting, usually by means of public or private transportation.