Which of the following should be EXCLUDED from long-term liabilities?
A)derivatives
B)employee future benefits obligations
C)long-term liabilities maturing within the operating cycle, but will be paid from a sinking
Fund
D)bonds payable maturing in five years

Question

Quizplus · Accepted Answer

Long-term liabilities maturing within the operating cycle, but will be paid from a sinking fund, should be classified as current liabilities.

Which of the Following Should Be EXCLUDED from Long-Term Liabilities