Which one of the following statement is CORRECT about long term liabilities?

A. These are due within one year

B. These consist of all debts, payabke after 12 months

C. In working capital, these are deducted from current assets

D. All of the above

Answer: Option B

Solution(By Examveda Team)

Long term liabilities consist of all debts, payabke after 12 months. Long-term liabilities are obligations not due within the next 12 months or within the company's operating cycle if it is longer than one year.