Current Liabilities

question 4

Multiple Choice

Current liabilities

• A) are obligations that the company is to pay within the forthcoming year.
• B) are listed in the balance sheet in order of their expected maturity.
• C) are listed in the balance sheet starting with accounts payable.
• D) should not include long-term debt that is expected to be paid within the next year.

---

Definitions:

Marine Animal

An animal that inhabits the ocean or other marine environments.

User Cost

The economic cost of using a resource today, which considers the lost opportunity of using it in the future.

Energy

The capacity to do work, manifested in physical forms such as heat, light, motion, and chemical energy, crucial to all aspects of life and industry.

Forests

Large areas covered chiefly with trees and undergrowth, considered in economic terms as a resource for timber, recreation, and ecological benefits.