Which one of the following balance sheet accounts would not be considered to be a current liability?
A) account payable
B) bank notes payable
C) accrued liabilities
D) mortgage debt

Name: Which one of the following balance sheet accounts would not be considered to be a current liability? A) account payable B) bank notes payable C) accrued liabilities D) mortgage debt
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Question

Quizplus · Accepted Answer

Mortgage debt is a long-term liability, whereas the other options listed are all current liabilities.

Which One of the Following Balance Sheet Accounts Would Not