All of the following are generally reported as current liabilities except

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Quizplus · Accepted Answer

Current liabilities are those obligations that are due within one year or the normal operating cycle of the business, whichever is longer. Accounts payable, notes payable, and unearned revenues are examples of current liabilities as they are typically due within one year. Bonds payable, on the other hand, may have a longer term and are classified as either current or long-term liabilities based on their due date. Therefore, bonds payable are not generally reported as current liabilities.

All of the Following Are Generally Reported as Current Liabilities