Multiple Choice
Which of the following statements about current liabilities is true?
A) Current liabilities are listed in order of decreasing amounts in the current liability section of the balance sheet.
B) The amount of current liabilities has little implication for a company's liquidity.
C) The current liability section never contains any portion of long-term liabilities.
D) The current ratio is defined as current assets divided by current liabilities.
Correct Answer:
Verified
Correct Answer:
Verified
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