Are bonds payable considered a current liability?

Question

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Criger 0 Comments

Let’s say that a company has issued bonds (bonds payable). Would it be recorded under the current or the non current liabilities?

2 Answers

score 0 · Answer 1 · 2012-12-02T22:28:00+00:00

They can be both a current and a non current liability. The question is when will they mature. If they mature within twelve months, then thats a current liability. If not, then it is a non current liability. B

score 0 · Answer 2 · 2013-05-06T22:53:05+00:00

They are considered a current liability only if they mature within the next twelve months. All liabilities that mature within the next year are current liabilities. If the bonds are not expected to be repaid within a year, then are non current liabilities.