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  2. Topic
    Business
  3. Study Set
    Contemporary Accounting
  4. Exam
    Exam 5: Presentation of Financial Position and the Worksheet
  5. Question
    To Be Classified as a Current Liability, a Debt Must
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To Be Classified as a Current Liability, a Debt Must

Question 46

Question 46

True/False

To be classified as a current liability, a debt must be expected to be paid within the current accounting period or within the entity's operating cycle, whichever is the longer.

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