Match (by letter) each of the following as being :
-5 year debentures payable
A) current liability (CL)
B) non-current liability (NCL)
C) neither (NA).

Name: Match (by letter) each of the following as being : -5 year debentures payable A) current liability (CL) B) non-current liability (NCL) C) neither (NA).
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Question

Quizplus · Accepted Answer

5-year debentures payable are classified as non-current liabilities because they are due to be paid in more than one year from the balance sheet date.

Match (By Letter) Each of the Following as Being