Which of the Following Statements Regarding Liabilities Is True

Multiple Choice

Which of the following statements regarding liabilities is true?

A) Liabilities are generally classified according to maturity.
B) Most loans fall into the category of short-term liabilities.
C) Future interest payments are accounted for separately as long-term liabilities on the balance sheet.
D) All liabilities should be recorded on the balance sheet at their current fair market value.
E) Whether or not a liability must be repaid in the future depends on its source.