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

Question

Quizplus · Accepted Answer

Long-term liabilities that mature within the operating cycle and will be paid from a sinking fund should still be classified as long-term liabilities, as they are not due for payment within the operating cycle. Therefore, none of the options should be excluded from long-term liabilities.

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