Asked by mohammad uzair on Apr 24, 2024
Which of the following would not normally be classified as a non-current liability?
A) current portion of non-current debt
B) bonds payable
C) mortgage payable
D) lease liabilities
Non-Current Liability
A financial obligation of a company that is due for repayment in more than one year's time.
Current Portion
The part of a long-term liability that is due to be paid within the next twelve months.
- Discern the differences between current and non-current types in assets and liabilities.
Learning Objectives
- Discern the differences between current and non-current types in assets and liabilities.
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