Which of the Following Items Is a Current Liability

question 62

Multiple Choice

Which of the following items is a current liability?

• A) Bonds due in three months (for which there is an adequate sinking fund classified as a long-term investment).
• 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:

Nuclear Families

A family group consisting of two parents and their children (biological or adopted).

Extended Families

A family unit that extends beyond the nuclear family to include other relatives such as grandparents, aunts, uncles, and cousins.

Middle Adulthood

A stage of life typically ranging from about 40 to 65 years of age, characterized by stability in relationships, career, and health, though also marked by the onset of aging.

Mate Selection

The process by which individuals choose a partner with whom to form a romantic relationship, often influenced by personal preferences, societal norms, and biological factors.