Are you taking AP classes? Try apfive.com
501(c)(3) Nonprofit
Financial Accounting/The Balance Sheet
Start Practice TestPractice Test
About Exam
easy

Long Term Liabilities

< Prev
Next >

Financial obligations that are due more than one year after the balance sheet date are classified as which of the following?

A

Current liabilities

B

Total liabilities

C

Long-term liabilities

D

Long-term assets

E

Current assets

Hint
Did You Know?
Explain Why
Explain All Answers
Check Answer
Show Correct Answer
Report Question

Question Leaderboard

Not enough data yet to show leaderboard.

AI Tutor

How can I help?