Question: A liability is classified as non - current on the balance sheet if . . . It is greater in value than the asset the
A liability is classified as "noncurrent" on the balance sheet if
It is greater in value than the asset the claim is held against
All of these
It is to be paid off, forgiven, or expired more than a year after the date on the balance sheet
It is only debt to purchase a brand new asset for the operation
It is paid off as of the date on the balance sheet
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