Which of the following would not be found listed as a liability on a company's balance sheet?
A)Operating lease obligations
B)Capital lease obligations
C)Bonds payable
D)Taxes payable

Question

Quizplus · Accepted Answer

Operating lease obligations are not listed as liabilities on a company's balance sheet under the accounting standards. Instead, they are considered operational expenses and are recorded on the income statement. Capital lease obligations, bonds payable, and taxes payable, on the other hand, are recognized as liabilities.

Which of the Following Would Not Be Found Listed as a Liability