Long-term liabilities include
A) obligations not expected to be liquidated within the operating cycle.
B) obligations payable at some date beyond the operating cycle.
C) deferred income taxes and most lease obligations.
D) all of these answer choices are correct.

Question

Quizplus · Accepted Answer

Long-term liabilities include obligations that are not expected to be liquidated within the operating cycle, obligations that are payable at some date beyond the operating cycle, as well as deferred income taxes and most lease obligations. Therefore, option D is correct.

Long-Term Liabilities Include