Match the words with the term.
-Which of the following is an example of a non-current liability?
A) trade receivables
B) inventories
C) mortgage payable
D) goodwill

Question

Quizplus · Accepted Answer

Non-current liabilities are financial obligations of a company that are due beyond one year. A mortgage payable is an example of a non-current liability because it is typically paid back over a period longer than one year.

Match the Words with the Term