Question

select all that apply which of these are classified as noncurrent liabilities on the balance sheet? (select all that apply.) multiple select question. note payable due in 3 months note payable due in 3 years note payable due in 10 years cash

Answer 1

Non current liabilities -> Deferred Revenue, long Term debt, long term obligations to equity companies

Step-by-step explanation:

Noncurrent liabilities, also called long-term liabilities or long-term debts, are long-term financial obligations listed on a company’s balance sheet. These liabilities have obligations that become due beyond twelve months in the future, as opposed to current liabilities which are short-term debts with maturity dates within the following twelve-month period.

Examples of noncurrent liabilities include long-term loans and lease obligations, bonds payable and deferred revenue. deferred revenue is a liability because it reflects revenue that has not been earned and represents products or services that are owed to a customer.