Which of the following is an example of a long-term liability?
A) account payable
B) bonds
C) note payable
D) accrued expenses

Name: Which of the following is an example of a long-term liability? A) account payable B) bonds C) note payable D) accrued expenses
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Question

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Bonds are typically long-term liabilities that have a maturity date of more than one year. Accounts payable, note payable, and accrued expenses are all short-term liabilities with a maturity date of less than one year.

Which of the Following Is an Example of a Long-Term