Multiple Choice
Which of the following is a characteristic of a current liability?
A) A current liability is a liability that is due within 10 days.
B) A current liability is a liability that is due within 30 days.
C) A current liability is a liability that is due within one year or one operating cycle, whichever is longer.
D) A current liability is a liability that is due in longer than a one- year period, or one operating cycle.
Correct Answer:
Verified
Correct Answer:
Verified
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