Current liabilities could include all of the following except:
A)an accounts payable due in 30 days.
B)a 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

Current liabilities are defined as short-term obligations that will be paid or fulfilled within the company's current operating cycle or within one year of the balance sheet date,whichever is longer.A bank loan due in 18 months would be classified as a noncurrent or long-term liability.

Current Liabilities Could Include All of the Following Except