What are long-term liabilities - SS1 Accounting Identification of Types of Assets And Liabilities Question
What are long-term liabilities?
A
Short-term debts that a company owes and must pay within a year
B
Debts that a company owes and must pay back over a period of more than one year
C
Liabilities that may arise in the future, depending on the outcome of certain events
D
Liabilities that represent the capital that a company has raised from investors
correct option: b
Please share this, thanks:
Add your answer
No responses