Which of the following is NOT generally classified as a long-term liability?
A) stock dividends distributable
B) pension liabilities
C) mortgages payable
D) lease liabilities

Question

Quizplus · Accepted Answer

Stock dividends distributable are generally classified as a current liability, as they are dividends declared by a company that have not yet been paid to the shareholders. Long-term liabilities are those that are payable over a period of more than 12 months and include items such as pension liabilities, mortgages payable, and lease liabilities.

Which of the Following Is NOT Generally Classified as a Long-Term