Which of the Following Is a Characteristic of a Current

Multiple Choice

Which of the following is a characteristic of a current liability?

A) It is due within one year or one operating cycle, whichever is longer.
B) It is due within five years or five accounting periods, whichever is longer.
C) It is due within five years or five accounting periods, whichever is shorter.
D) It is due within one year or one operating cycle, whichever is shorter.