Which is a long-term liability (dettes à long terme) under French rules

Which is a long-term liability (dettes à long terme) under French rules

Which is a long-term liability (dettes à long terme) under French rules?

A. Accounts payable

B. Bank overdraft

C. Bonds payable (emprunts obligataires)

D. Accrued expenses

Answer: C

Explanation: Long-term liabilities (dettes à long terme) are debts that are due to be repaid after more than one fiscal year. Bonds payable (emprunts obligataires) are long-term because they typically have a maturity period of several years. Accounts payable, bank overdrafts, and accrued expenses are current liabilities (dettes courantes), due within one year.