Which of the following is not a long-term liability account with a high risk of material misstatement?
A)Warranty reserves.
B)Pension obligations.
C)Other postemployment benefits.
D)Marketable securities.

Question

Quizplus · Accepted Answer

Marketable securities are not a long-term liability account and do not have a high risk of material misstatement. They are typically included in the current assets section of the balance sheet.

Which of the Following Is Not a Long-Term Liability Account