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    Fundamental Accounting Principles Study Set 6
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    Exam 11: Current Liabilities and Payroll Accounting
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    Obligations to Be Paid Within One Year or the Company's
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Obligations to Be Paid Within One Year or the Company's

Question 61

Question 61

Multiple Choice

Obligations to be paid within one year or the company's operating cycle,whichever is longer,are:


A) Current assets.
B) Current liabilities.
C) Earned revenues.
D) Operating cycle liabilities.
E) Bills.

Correct Answer:

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