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    College Accounting Study Set 5
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    Exam 15: Financial Statements and Year-End Accounting for a Merchandising Business
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    Those Obligations That Are Due Within One Year or the Normal
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Those Obligations That Are Due Within One Year or the Normal

Question 86

Question 86

Multiple Choice

Those obligations that are due within one year or the normal operating cycle of the business and will be paid with money provided by the current assets are called


A) investments.
B) marketable securities.
C) current liabilities.
D) long-term liabilities.

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