Obligations not expected to be paid within one year (or the company's operating cycle if longer than one year) are reported as:
A)Current assets
B)Current liabilities
C)Long-term liabilities
D)Operating cycle liabilities
E)Bills

Question

Quizplus · Accepted Answer

Obligations not expected to be paid within one year (or the company's operating cycle if longer than one year) are typically classified as long-term liabilities on the balance sheet.

Obligations Not Expected to Be Paid Within One Year (Or