The Liabilities That Are Due to Be Paid Usually Within

question 24

Multiple Choice

The liabilities that are due to be paid usually within a year or less are called:

• A) long-term liabilities.
• B) deferred liabilities.
• C) current liabilities.
• D) contingent liabilities.

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Definitions:

Swivel Chairs

Office or household chairs designed with a base that allows the seat to rotate 360 degrees, enhancing mobility and comfort.

Fabricating Department

A part of manufacturing where raw materials are transformed into parts or products through processes like cutting, welding, and assembling.

Daily Basis

A period or measure referring to events or processes that occur or are calculated on a day-to-day basis.

Design Department

A division within a company responsible for developing new products or improving existing ones through research, planning, and design.