Current liabilities generally include all except​ __________.

Question

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Part 1
A.
Employee Health Insurance Payable
B.
Income Tax Payable
C.
Bonds Payable
D.
Sales Tax Payable

Answer 1

Current liabilities generally include obligations that are expected to be settled within one year. Among the options provided:

A. Employee Health Insurance Payable - This is a current liability because it is typically paid within a year. B. Income Tax Payable - This is also a current liability, payable within the year. C. Bonds Payable - This is generally considered a long-term liability unless the bonds are due within the next year. D. Sales Tax Payable - This is a current liability as it is typically remitted within a short period.

Therefore, the correct answer is:

C. Bonds Payable.