All of the following are definitely determinable liabilities EXCEPT
A) current maturities of long-term debt.
B) operating lines of credit.
C) a future commitment to purchase an asset.
D) accounts payable.

Question

Quizplus · Accepted Answer

A future commitment to purchase an asset is not considered a definitely determinable liability because it represents a future obligation that has not yet resulted in a liability on the balance sheet. In contrast, current maturities of long-term debt, operating lines of credit, and accounts payable are all obligations that are known and quantifiable, making them definitely determinable liabilities.

All of the Following Are Definitely Determinable Liabilities EXCEPT