ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not a current liability?
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accounts payable
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mortgage
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bank loan
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collected state sales taxes
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Explanation:
Detailed explanation-1: -Non Current Liabilities Examples: Long-term loans. Deferred tax liabilities. Long-term lease. Pension benefit obligations.
Detailed explanation-2: -Examples of current liabilities include accounts payable, short-term debt, dividends, and notes payable as well as income taxes owed.
Detailed explanation-3: -Accounts Payable. Accounts payable are the opposite of accounts receivable, which is the money owed to a company. Accrued Payroll. Short-Term and Current Long-Term Debt. Other Current Liabilities. Consumer Deposits. 31-Jan-2022
There is 1 question to complete.