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Basic Financial Accounting Short Questions
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Question:
What does "long-term liability" (also known as non-current liability) mean? Select one alternative: A Money that customers owe the company and must be paid within 12 months B Investment in the company C Money owed to lenders that is due for payment within 12 months D Money owed to lenders that is due for payment more than 12 months away
Author: Gonza RAnswer:
D Money owed to lenders that is due for payment more than 12 months away
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