Long-term liabilities include

some obligations not expected to be liquidated within the operating cycle.

some obligations payable at some date beyond the operating cycle.

deferred income taxes and most lease obligations.

all of these answer choices are correct.

Question

Business

Keith Livingston

18 June, 05:11

Long-term liabilities include

some obligations not expected to be liquidated within the operating cycle.

some obligations payable at some date beyond the operating cycle.

deferred income taxes and most lease obligations.

all of these answer choices are correct.

+1

Answers (1)

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Sarai Ayala · Answer 1

some obligations payable at some date beyond the operating cycle.

Explanation:

Liabilities refer to money that a business owes to other entities. They are debts a firm acquires in its normal business operations. Liabilities are categorized as either long-term or short-term.

Long term liabilities are obligations that are not due for repayment in the current financial year. They are debts that the company is expected to pay in future financial periods. Long-term liabilities due dates are after one year and beyond. Short-term liabilities contrast long-term liabilities because the due date for the former is in the current financial year.

Long-term liabilities includesome obligations not expected to be liquidated within the operating cycle.some obligations payable at some date beyond the operating cycle.deferred income taxes and most lease obligations.all of these answer choices are correct.

Long-term liabilities include

some obligations not expected to be liquidated within the operating cycle.

some obligations payable at some date beyond the operating cycle.

deferred income taxes and most lease obligations.

all of these answer choices are correct.