Which of the Following Items Is a Current Liability

question 27

Multiple Choice

Which of the following items is a current liability?

• A) Bonds (for which there is an adequate sinking fund properly classified as a long-term investment) due in three months.
• B) Bonds due in three years.
• C) Bonds (for which there is an adequate appropriation of retained earnings) due in eleven months.
• D) Bonds to be refunded when due in eight months, there being no doubt about the marketability of the refunding issue.

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Definitions:

Obsessive-compulsive Disorder

A mental disorder characterized by unwanted and intrusive thoughts (obsessions) and repetitive behaviors or mental acts (compulsions) that an individual feels driven to perform.

Posttraumatic Stress Disorder

A mental health condition triggered by experiencing or witnessing a terrifying event, characterized by flashbacks, nightmares, severe anxiety, and uncontrollable thoughts about the event.

Tardive Dyskinesia

A neurological disorder characterized by involuntary, repetitive body movements, often as a side effect of long-term use of certain psychiatric drugs.

Delusions Of Persecution

False beliefs held with strong conviction that others are out to harm or persecute the individual, even in the absence of objective evidence.