Non-current liabilities include
A) obligations not expected to be liquidated within the next year or operating cycle.
B) obligations payable at some date beyond the next year or operating cycle.
C) deferred income taxes and most lease obligations.
D) All of these choices are correct.

Question

Quizplus · Accepted Answer

Non-current liabilities are obligations that are not expected to be liquidated within the next year or operating cycle. They include obligations payable at some date beyond the next year or operating cycle, deferred income taxes, and most lease obligations. Therefore, all of the choices provided are correct.

Non-Current Liabilities Include