Multiple Choice
All of the following are characteristics of current liabilities except:
A) They may be replaced with a new short-term liability rather than being paid in cash.
B) They may involve estimated amounts.
C) They are due within one year or within the operating cycle, whichever is longer.
D) All three of the above are characteristic of current liabilities.
Correct Answer:

Verified
Correct Answer:
Verified
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