Which of the following should be EXCLUDED from long-term liabilities?
A) derivatives
B) employee future benefits obligations
C) long-term liabilities maturing within the operating cycle, but will be paid from a sinking fund
D) bonds payable maturing in five years

Question

Quizplus · Accepted Answer

Derivatives are not considered as long-term liabilities. They are generally recorded as either assets or liabilities on the balance sheet at fair value.

Which of the Following Should Be EXCLUDED from Long-Term Liabilities