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:

Positive Attributes

Qualities or features that are regarded as beneficial, desirable, or favorable.

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The period it takes for a business or investment to generate enough revenue to cover its initial costs or investments.

Positive Cash Flow

A financial condition where the inflows of cash into a business exceed the outflows over a specified period, indicating liquidity and financial health.

Attention-Deficit/Hyperactivity Disorder

A neurodevelopmental disorder characterized by problems with attention, excessive activity, or difficulty controlling behavior which is not appropriate for a person's age.