Asked by blahh parker on May 27, 2024
Verified
Management of current liabilities arises, in part, because of a concern over
A) profitability
B) liquidity
C) relevance
D) reliability
Current Liabilities
Obligations or debts a company is expected to pay within one year, often including accounts payable, short-term loans, and other similar liabilities.
Liquidity
A measure of how quickly and easily an asset or security can be converted into cash without significantly affecting its market price.
Profitability
A measure of the efficiency and effectiveness with which a company or business generates profit from its operations.
- Comprehend the management of liabilities in terms of liquidity and profitability.
Verified Answer
Learning Objectives
- Comprehend the management of liabilities in terms of liquidity and profitability.
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