Multiple Choice
All of the following are characteristics of current liabilities except:
A) they may involve estimated amounts.
B) they are due within one year or within the operating cycle, whichever is longer.
C) they may be replaced with a new short-term liability rather than being paid in cash.
D) all three of the above are characteristic of current liabilities.
Correct Answer:
Verified
Correct Answer:
Verified
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