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    Financial and Managerial Accounting Study Set 8
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    Exam 2: Basic Financial Statements
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    Which of the Following Liabilities Would Most Likely Be Listed
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Which of the Following Liabilities Would Most Likely Be Listed

Question 108

Question 108

Multiple Choice

Which of the following liabilities would most likely be listed last on a statement of financial position?


A) Bonds payable,due in 20 years.
B) Accounts payable.
C) Note payable,due in 3 years.
D) Income taxes payable.

Correct Answer:

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