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What is 30-year mortgage loan?

A) long-term liability

B) current liability

C) current asset

D) long-term asset

Accounting Investments Financial Accounting Financials Finance
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Question added by Sultan Alghamdi
Date Posted: 2016/02/11
Upvote (1) Views (5) Followers (3) Answers (3) Report Question
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Ahmed Alkhateb
by Ahmed Alkhateb , Independent Accounting , Self employed

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

 

Deleted user
by Deleted user

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

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