BUISENESS MANAGEMENT
RECORD KEEPING
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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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this month’s mortgage payment
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this month’s bank loan payment
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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.
There is 1 question to complete.