Which of the following is not normally a current liability?
A)salaries payable
B)accounts payable
C)income tax payable
D)bonds payable

Question

Quizplus · Accepted Answer

Bonds payable are typically classified as a long-term liability because they are usually due in more than one year. Salaries payable, accounts payable, and income tax payable are all considered current liabilities, as they are obligations expected to be settled within one year.

Which of the Following Is Not Normally a Current Liability