Which of the following is not considered a long-term obligation?
A)Contributed capital.
B)Deferred income taxes.
C)Capital lease.
D)Pension liabilities.

Question

Quizplus · Accepted Answer

Contributed capital is not considered a long-term obligation because it represents the portion of a company's equity that has been generated by the issuance of stock to investors. It does not require payment of cash or other assets over a period of time, unlike deferred income taxes, capital leases, and pension liabilities.

Which of the Following Is Not Considered a Long-Term Obligation