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:

Class Differences

Variations in the socioeconomic levels of individuals or groups, often leading to disparity in access to resources, opportunities, and privileges.

Marxist Analysis

An approach to social theory and research that emphasizes class relations and societal conflict, using the principles laid out by Karl Marx.

Economic Factors

Variables such as employment, income levels, inflation, and GDP growth that influence the economic performance of countries or regions.

Racism

Discrimination or prejudice against individuals based on their race or ethnicity, often manifesting in societal norms, institutional policies, or personal attitudes.