Current liabilities could include all of the following except:
A)accounts payable due in 30 days.
B)notes payable due in 9 months.
C)a bank loan due in 18 months.
D)any part of long-term debt due during the current period.

Question

Quizplus · Accepted Answer

A bank loan due in 18 months is not considered a current liability because it is not due within the next 12 months. Current liabilities are obligations expected to be settled within one year.

Current Liabilities Could Include All of the Following Except