What is included in long term liabilities?

Examples of Long-Term Liabilities Deferred tax liabilities typically extend to future tax years, in which case they are considered a long-term liability. Mortgages, car payments, or other loans for machinery, equipment, or land are long term, except for the payments to be made in the coming 12 months.

What are non current liabilities give two examples?

A non-current liability refers to the financial obligations of a company that are not expected to be settled within one year. Examples of non-current liabilities include long-term leases, bonds payable, and deferred tax liabilities.

What is current liabilities and non current liabilities?

Current liabilities (short-term liabilities) are liabilities that are due and payable within one year. Non-current liabilities (long-term liabilities) are liabilities that are due after a year or more. Contingent liabilities are liabilities that may or may not arise, depending on a certain event.

What are examples of current liabilities?

Examples of current liabilities include accounts payable, short-term debt, dividends, and notes payable as well as income taxes owed.

What are 3 examples of a non current asset?

Noncurrent assets fall under three major categories: tangible assets, intangible assets, and natural resources. Examples of noncurrent assets include investments, intellectual property, real estate, and equipment.