All of the following are definitely determinable liabilities except
A) current maturities of long-term debt.
B) operating lines of credit.
C) a future commitment to purchase an asset.
D) accounts payable.

Question

Quizplus · Accepted Answer

A future commitment to purchase an asset is not a determinable liability until the purchase occurs or a contract is signed, as it may depend on future events or conditions.

All of the Following Are Definitely Determinable Liabilities Except