Which of the following is NOT a current liability?
A)accounts payable
B)income taxes payable
C)accrued wages payable
D)bonds payable due in ten years

Question

Quizplus · Accepted Answer

Bonds payable due in ten years are long-term liabilities, not current liabilities. Current liabilities are expected to be paid within a year or a normal operating cycle, whichever is longer. Accounts payable, income taxes payable, and accrued wages payable are all examples of current liabilities.

Which of the Following Is NOT a Current Liability