Are bonds payable considered a current liability?

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602 viewsMay 6, 2013Accounting

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Criger December 2, 2012 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?

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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