What Are "Non-Current Liabilities

question 44

Multiple Choice

What are "non-current liabilities"?

• A)Obligations that are expected to be settled in the next operating cycle of the company.
• B)Obligations that are expected to be settled within the next the company's next 12 months.
• C)Obligations that are expected to be settled more than 12 months after the company's year end.
• D)Obligations that are expected to be settled more than 24 months after the company's year end.

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Definitions:

Computer Crimes

Illegal activities conducted through the use of computers or the internet, including hacking, identity theft, and unauthorized data access.

Billions

A numeral representing the number 1,000,000,000 or a vast quantity of something.

Patent

A document that grants the holder exclusive rights on an invention or process for a specified period of time, currently 20 years.

Exclusive Rights

Specific rights granted to an individual or entity, allowing them to use, produce, or sell something without interference or replication by others.