Long-term liabilities typically include: a. Salaries Payable b. Unearned Revenue c. Mortgage Payable d. Treasury Stock

Expert Solution

Answer- Long-term liabilities typically include= Mortgage Payable (Option c).

Explanation- Mortgages are long-term liabilities as they are typically paid over 15 to 30 years.

Where salaries payable & unearned revenue are current liabilities (ie- Short term liabilities).

ekkarill92 answered 2 years ago

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