Long-term liabilities include all of the following, except
A) the monthly payment due on a credit card.
B) the mortgage on a home.
C) a three-year auto loan.
D) a student loan.

Question

Quizplus · Accepted Answer

Long-term liabilities are financial obligations of a company that are due more than one year in the future. The monthly payment due on a credit card is considered a short-term liability because it is due within a year, unlike the other options which are typically due over periods longer than one year.

Long-Term Liabilities Include All of the Following, Except