Question

What is an example of a long-term liability?

Answer 1

That is, a long-term liability is an obligation that is not due within one year of the date of the balance sheet (or not due within the company's operating cycle if it is longer than one year). Some examples of long-term liabilities are the noncurrent portions of the following: bonds payable. ... pension liabilities.

Answer 2

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That is, a long-term liability is an obligation that is not due within one year of the date of the balance sheet (or not due within the company's operating cycle if it is longer than one year). Some examples of long-term liabilities are the noncurrent portions of the following: bonds payable. ... pension liabilities.