Which obligation are classified as current even if they are due to be settled after more than twelve months from balance sheet date? A. Bank overdrafts B. Dividends payable C. Trade payables and accruals from operations D. Notes payable – non-trade

Which obligation are classified as current even if they are due to be settled after more than twelve months from balance sheet date? A. Bank overdrafts B. Dividends payable C. Trade payables and accruals from operations D. Notes payable – non-trade

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter17: Accounting For Notes And Interest

Section: Chapter Questions

Problem 4MC

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Question

Which obligation are classified as current even if they are due to be settled after more than twelve months from balance sheet date?

A. Bank overdrafts

B. Dividends payable

C. Trade payables and accruals from operations

D. Notes payable – non-trade

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