Which of the Following Is False

question 257

Multiple Choice

Which of the following is false?

• A) Under GAAP, a liability is only recognized if it is a present obligation.
• B) Under GAAP, current liabilities are shown in order of magnitude.
• C) Under GAAP, an item is a current liability if it will be paid within the next 12 months or the operating cycle, whichever is longer.
• D) Under GAAP, current liabilities are presented before non-current liabilities.

---

Definitions:

Portion Sizes

The amount of a particular food that is served to one person, intended as a single serving.

Weight Loss Programs

Structured strategies and plans designed to help individuals achieve and maintain a desired weight through diet, exercise, and sometimes medical intervention.

Long-Term Weight Loss

The sustainable reduction in body weight over an extended period, typically involving lifestyle changes such as diet and exercise.

Myocardial Infarction

A medical emergency condition also known as a heart attack, caused by the interruption of blood flow to part of the heart.