Which of the following should be excluded from long-term liabilities?
A) Obligations payable at some date beyond the operating cycle
B) Most pension obligations
C) Long-term liabilities that mature within the operating cycle and will be paid from a sinking fund
D) None of these answer choices are correct.

Question

Quizplus · Accepted Answer

Long-term liabilities that mature within the operating cycle and will be paid from a sinking fund should not be excluded from long-term liabilities, as they are still considered long-term obligations. Therefore, none of the given choices should be excluded from long-term liabilities.

Which of the Following Should Be Excluded from Long-Term Liabilities