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A ______ liability is a liability that will be satisfied in more than 1 year or operating cycle, whichever is longer, in the future.

a)current
b)noncurrent

1 Answer

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Final answer:

A noncurrent liability is one that is due in more than one year or an operating cycle, whichever is longer, such as long-term debt or bonds payable. option b is answer

Step-by-step explanation:

A noncurrent liability is a liability that will be satisfied in more than 1 year or operating cycle, whichever is longer, in the future. Noncurrent liabilities, also known as long-term liabilities, are financial obligations of a company that are due beyond one year or the current operating cycle.

Examples of noncurrent liabilities include long-term debt, bonds payable, and long-term leases. option b is answer

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