Which of the following is not classified as a noncurrent liability?
A)Bonds payable
B)Capital lease obligations
C)Current portion of long-term debt
D)Mortgage payable

Question

Quizplus · Accepted Answer

Noncurrent liabilities are obligations that are due after a year or more from the current date. A current portion of long-term debt is the portion of long-term debt that is due within one year and thus classified as a current liability. Therefore, the current portion of long-term debt is not classified as a noncurrent liability.

Which of the Following Is Not Classified as a Noncurrent