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  3. Study Set
    Understanding Canadian Business
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    Exam 16: Understanding Accounting and Financial Information
  5. Question
    Debts That Are Due in One Year or Less Are
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Debts That Are Due in One Year or Less Are

Question 12

Question 12

Multiple Choice

Debts that are due in one year or less are classified as:


A) current liabilities.
B) debit items.
C) callable debts.
D) immediate expenses.

Correct Answer:

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