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Advances from affiliates payable in 15 months after year-end is a current or non current liability

Question

Advances from affiliates payable in 15 months after year-end is a current or non current liability
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Solution 1

Advances from affiliates payable in 15 months after year-end is considered a non-current liability.

Here's why:

  1. Liabilities are classified as either current or non-current.

  2. Current liabilities are obligations that a company expects to pay off within one year or within its operating cycle, Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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