Which items would be classified as long-term debt?
A)Accounts payable, unearned revenue, pension liabilities.
B)Common stock, retained earnings, bonds payable.
C)Mortgages, convertible debentures, bonds payable.
D)Deferred taxes, accrued expenses, treasury stock.

Question

Quizplus · Accepted Answer

Mortgages, convertible debentures, and bonds payable are all typical examples of long-term debt.

Which Items Would Be Classified as Long-Term Debt