Which of the Following Statements BEST Describes the Difference Between

question 93

Multiple Choice

Which of the following statements BEST describes the difference between current and long-term liabilities?

• A) Current liabilities are debts that need to be paid immediately, whereas long-term liabilities do not.
• B) Current liabilities are those which will cost less in debt interest than long-term liabilities.
• C) Current liabilities are debts that are settled sooner than long-term debts.
• D) Current liabilities are debts on tangible assets, whereas long-term liabilities are debts on intangible assets.
• E) Current liabilities are debts on current assets, whereas long-term liabilities are debts on fixed and intangible assets.

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Definitions:

Sad

A feeling of sorrow, unhappiness, or depression.

Suffix

A letter or group of letters added at the end of a word to change its meaning or function.

Admire

To regard someone or something with respect, approval, or warm esteem, often because of their qualities, achievements, or beauty.

Suffix

A morpheme added at the end of a word to form a derivative (e.g., -ation, -fy, -ing, -itis).