Which of the Following Is Incorrect

question 64

Multiple Choice

Which of the following is incorrect?

• A)Current liabilities are those that will be satisfied within one year or the operating cycle,whichever is longer.
• B)Interest that will be paid in the future is included in the reported amount of a current liability.
• C)Current liabilities impact a company's liquidity.
• D)Working capital is equal to current assets minus current liabilities.

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