MANAGEMENT

Detailed explanation-1: -Non-current liabilities examples are long-term loans and leases, lines of credit, and deferred tax liabilities.

Detailed explanation-2: -Bank loans: Bank loans are often a type of non-current liability because they are usually paid back over a period of time that is greater than one year.

Detailed explanation-3: -Typical long-term liabilities include bank loans, notes payable, bonds payable and mortgages.

Detailed explanation-4: -Non-current liabilities are the debts a business owes, but isn’t due to pay for at least 12 months. They’re also called long-term liabilities. Although payment may not be due within a year, it’s important a business doesn’t overlook its non-current liabilities.