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    Understanding Canadian Business Study Set 1
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    Exam 16: Understanding Accounting and Financial Information
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    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 248

Question 248

Multiple Choice

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


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

Correct Answer:

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