Which of the following liabilities would most likely be list

Which of the following liabilities would most likely be listed last on a statement of financial position? Select one: o O O O a. Bonds payable, due in 20 years. b. Accounts payable. c. Note payable, due in 3 years. d. Income taxes payable.

Solution

Dear student, only one question is allowed at a time. I am answering the first question

a)

Bonds payable, due in 20 years are long term liabilities. Long term liabilities are listed last on a statement of financial position

b)

Accounts payable are short term or current liabilities which is shown at the beginning of statement of financial position

c)

Note payable, due in 3 years is also a long term liability which is shown at last on the statement of financial position but it may be listed above Bonds payable which are due for a longer period

d)

Income taxes payables are current liabilities and are shown at the beginning of statement of financial position

So, as per above discussion, option a is the correct option