The Reported Values of Most Current Liabilities Are Equal to the

Multiple Choice

The reported values of most current liabilities are equal to the

A) present value of future expenses.
B) amounts of cash that must be paid when those liabilities become due.
C) estimated cash flows that will result from the sale of the assets purchased when the liabilities were incurred.
D) discounted present values of the future payments that will be reviewed.
E) fair market value of the assets previously purchased at the settlement date for the liabilities.