Long-term liabilities include
A)obligations not expected to be liquidated within the operating cycle.
B)obligations payable at some date beyond the operating cycle.
C)future income taxes and most lease obligations.
D)all of these.

Question

Quizplus · Accepted Answer

Long-term liabilities include any obligations that are not expected to be liquidated within the operating cycle, payable at some date beyond the operating cycle, future income taxes, and most lease obligations. Therefore, all of these options are correct.

Long-Term Liabilities Include