Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What is 30-year mortgage loan?

A) long-term liability

B) current liability

C) current asset

D) long-term asset

user-image
Question added by Sultan Alghamdi
Date Posted: 2016/02/11
Ahmed Alkhateb
by Ahmed Alkhateb , Independent Accounting , Self employed

The answer is A) long-term liability, since it is more than one year

 

A year loan is a current liability for the company

Mahmoud Hamid
by Mahmoud Hamid , Finance Manager , Experts

A-year mortgage lona is a long-term liability

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.