Non-current liabilities are recorded in the books at their
A)present value.
B)net amount.
C)net realizable value.
D)gross amount.

Question

Quizplus · Accepted Answer

Non-current liabilities are long-term debts or obligations that are not due within a year. These obligations are recorded in the books at their present value, which represents the value of the debt in today's dollars. This is because non-current liabilities typically carry interest, so their present value reflects the amount that will need to be paid in order to satisfy the obligation at a later date.

Non-Current Liabilities Are Recorded in the Books at Their