Which of the following would not be classified as a long-term liability?
A)Current maturities of long-term debt
B)Bonds payable
C)Mortgage payable
D)Lease liabilities

Question

Quizplus · Accepted Answer

Current maturities of long-term debt are the portion of long-term liabilities that are due within the next year, thus they are classified as current liabilities, not long-term liabilities.

Which of the Following Would Not Be Classified as a Long-Term