Which is NOT an example of long-term debt?
A)notes payable
B)accounts payable
C)bonds payable
D)All of the above are examples of long-term debt.

Question

Quizplus · Accepted Answer

Accounts payable is not an example of long-term debt. It is a liability that represents money owed to creditors for goods or services received, but it is typically short-term and due within a year. Notes payable, bonds payable, and other long-term debt instruments, on the other hand, have longer maturities and are meant to be paid back over a period of several years or more.

Which Is NOT an Example of Long-Term Debt