Long term liabilities are ________________.

Fixed assets minus current assets

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Fixed assets minus current liabilities

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Current assets plus current liabilities

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Total liabilities minus current liabilities

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Solution

The correct option is D Total liabilities minus current liabilities
Liabilities may be classified as:

Long Term Liabilities which are due for payment after an year or so.
Current Liabilities which are accrued during the course of business operations and to be repaid in a business cycle.

Total Liabilities= Long term Liabilities+ Current Liabilities
Hence
Long Term Liabilities=Total Liabilities-Current Liabilities.

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