Which of the following is usually NOT considered to be a long-term liability?
A)Bonds payable.
B)Mortgages payable.
C)Accrued post-retirement benefits.
D)CCP contributions payable.

Question

Quizplus · Accepted Answer

CCP contributions payable are not usually considered to be a long-term liability, as they are typically due within a short period of time, such as a few weeks or months. Bonds payable and mortgages payable are long-term liabilities because they have repayment periods of several years or more. Accrued post-retirement benefits are also generally considered to be long-term liabilities, as they represent the company's obligation to pay retirement benefits to its employees over a period of many years.

Which of the Following Is Usually NOT Considered to Be