Which of the Following Is a Current Liability

question 15

Multiple Choice

Which of the following is a current liability?

• A)A long-term debt maturing currently, which is to be paid with cash in a sinking fund
• B)A long-term debt maturing currently, which is to be retired with proceeds from a new debt issue
• C)A long-term debt maturing currently, which is to be converted into common stock
• D)None of these

---

Definitions:

Developing Countries

Nations with a lower level of material well-being, industrialization, and economic development compared to developed countries.

Developed Countries

Nations with high levels of economic productivity, advanced infrastructure, and higher standards of living.

Technology

The application of scientific knowledge for practical purposes, especially in industry, which can significantly influence productivity and economic growth.

Capital

Wealth in the form of money or other assets owned or used by a person or organization for a particular purpose such as investment in productive projects.