**Question 5**Which of the following is a long-term liability?- **A)** Unearned revenue- **B)** Sales Tax Payable- **C)** A two-year note payable- **D)** Salaries Payable_Note: The intended answer in this context is likely option C, as a two-year note payable typically qualifies as a long-term liability._ There are no graphs or diagrams to explain in this image.

Ans. Long term liability are those liabilities which are due for payment after 12 months.

Answered: Question 5 Which of the following is a…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question 5 Which of the following is a long-term liability? A Unearned revenue B Sales Tax Payable A two-year note payable D) Salaries Payable