Which of the following is a long-term liability?

Financial Literacy Quiz

Quiz
•
English
•
Professional Development
•
Medium

starry luo
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13 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Accounts payable
Short-term loans
mortgage
Wages payable
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the definition of a current liability?
A liability that is not easily converted to cash
A liability that is expected to be paid off within a year
A liability that is not owned by the company
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A loan that a company has to repay to a bank over a period of seven years is a long-term liability.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money that a company keeps in one of its bank accounts is a liability.
True
False
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is a fixed asset?
Inventory
Deposit
vehicle
cash
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Money that a company has to pay to a supplier in less than a year is a long-term liability.
True
False
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is a current asset?
property
vehicle
machinery
Inventory
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