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What Is the Key Distinction Between Current and Non- Current

Question 117

Multiple Choice

What is the key distinction between current and non- current liabilities?


A) Non- current liabilities are permanent debts of the business.
B) Non- current liabilities always increase over time.
C) Current liabilities always have lower balances than non- current liabilities.
D) Current liabilities will be paid off within one year or one operating cycle.

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