A Current Liability Is

Multiple Choice

A current liability is

A) additional money, above proceeds from a stock sale, paid directly to a firm by its owners.
B) the process of distributing the cost of an asset over its useful life.
C) the amount paid for an existing business above the value of its other assets.
D) a debt that is not due for at least one year.
E) a debt that must be paid within the year.