What are long-term liabilities?
They consist of resources such as cash, investments, accounts receivable, and inventory.
They consist of debts such as accounts payable, accrued salaries, accrued taxes, and short-term bank loans.
They consist of cash kept on hand by a firm to pay normal daily expenses, such as employee wages and bills for supplies and utilities.
They are debts that will be repaid over a number of years, such as bond issues.
They consist of production facilities (plants), offices, and equipment; all of which are expected to last for many years.
Answer: They are debts that will be repaid over a number of years, such as bond issues.