Which of the following items would be least likely to appear in the current liabilities section of a classified balance sheet?
A) Accounts Payable
B) Wages Payable
C) Bonds Payable
D) Interest Payable

Question

Quizplus · Accepted Answer

Bonds Payable would typically be classified as a long-term liability and listed in the long-term liabilities section, rather than in the current liabilities section. Therefore, it is the least likely item to appear in the current liabilities section of a classified balance sheet.

Which of the Following Items Would Be Least Likely to Appear