Which of the following is not a current liability?
A)Accounts payable.
B)A note payable due in 2 years.
C)Current portion of long-term debt.

Name: Which of the following is not a current liability? A)Accounts payable. B)A note payable due in 2 years. C)Current portion of long-term debt.
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Question

Quizplus · Accepted Answer

Accounts payable and current portion of long-term debt are both current liabilities as they are expected to be paid within the next year. A note payable due in 2 years is a long-term liability, not a current liability.

Which of the Following Is Not a Current Liability