Which of the following would not normally be classified as a non-current liability?
A)Current maturities of non-current debt
B)Bonds payable
C)Mortgage payable
D)Lease liabilities

Question

Quizplus · Accepted Answer

Current maturities of non-current debt are typically classified as a current liability, as they represent payments due within the next year on long-term debt. Bonds payable, mortgage payable, and lease liabilities are all examples of non-current liabilities, as they represent amounts owed that are not due within the next year.

Which of the Following Would Not Normally Be Classified as a Non-Current