Which of the following should be EXCLUDED from long-term liabilities?
A. derivatives
B. employee future benefits obligations
C. long-term liabilities maturing within the operating cycle, but will be paid from a sinking fund
D. bonds payable maturing in five years
Answer:A
Which of the following should be EXCLUDED from long-term liabilities?
A. derivatives B. employee future benefits obligations C. long-term liabilities maturing within the operating cycle, but will be paid from a sinking fund D. bonds payable maturing in five years