Which of the following is the exception to the category non-current liability?
A) Accounts Payable
B) Mortgage Payable
C) Bond Payable
D) Note payable (due in 5 years)

Question

Quizplus · Accepted Answer

Accounts Payable is considered a current liability because it is typically due within one year or within the operating cycle of a business, unlike the other options which are classified as non-current liabilities due to their longer repayment terms.

Which of the Following Is the Exception to the Category