Which of the following would not be classified as a long-term liability?

Mortgage payable

Bonds payable

Lease liabilities

Current maturities of long-term debt

Expert Solution

Answer: Current maturites of long term debt

Explanation:

Current maturities of long term debt is not a long term liabilities. As this account is liquidated in the current year. So this account is current liability. The remaining accounts are long term liabilities.

ekkarill92 answered 2 years ago

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