Long-term liabilities include all of the following,except for A)future income taxes. B)lease liabilities. C)wage obligations. D)pension liabilities.

Question

Quizplus · Accepted Answer

Wage obligations are typically classified as current liabilities as they are usually paid off within a year. The other options listed (future income taxes, lease liabilities, and pension liabilities) are all examples of long-term liabilities.

Long-Term Liabilities Include All of the Following,except for