Which of the following does not represent a current liability?
Which of the following does not represent a current liability?
Select one:
A. Short-term loan
B. Accrual of taxes payable
C. Bond issue
D. Advance payments received from customers
Homework Answers
Current liabilities is a Short term liability and it should be paid within 12 months or operating cycle
So Short term loan, accrual of taxes of payable and advance payments received from customers all are current liabilities but bond issue is long term liability
So answer is c) Bond issue
OPTION c. Bond issue.
(It is NOT a current liability since Bond is a long term loan and not a short term loan)
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