Multiple Choice
A noncurrent liability is one that the company:
A) has owed for over one year.
B) has owed for over five years.
C) will not pay within 12 months.
D) will not pay within five years.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q121: Match the term with its definition.(There are
Q122: If a company borrows money from a
Q123: Spin Co.has $52,000 in its Cash account,$20,000
Q124: A business is obliged to repay both
Q125: Shaylee,Inc.borrowed $62,000 from a bank,depositing those funds
Q127: Which account is affected by recording the
Q128: The classified balance sheet for a company
Q129: What does the current ratio measure?<br>A)The relative
Q130: Which of the following statements about the
Q131: Baldwin Company purchased equipment for $420,000 and