Asked by Kiara Venegas on May 17, 2024
Verified
Debts listed as current liabilities are those that
A) will be paid in less than one year
B) are due to be paid in 5 to 10 years
C) are due to be paid in more than one year
D) are owed to the stockholders and will never be paid
Current Liabilities
Short-term financial obligations that are due within one year or within a company's operating cycle, whichever is longer.
- Separate current assets, permanent assets, immediate liabilities, and enduring liabilities on the financial balance sheet.
Verified Answer
BA
bhavey ahujaMay 18, 2024
Final Answer :
A
Explanation :
Current liabilities are debts that are due to be paid within the next year.
Learning Objectives
- Separate current assets, permanent assets, immediate liabilities, and enduring liabilities on the financial balance sheet.