Which of the Following Is a Characteristic of a Current

question 50

Multiple Choice

Which of the following is a characteristic of a current liability but not a non-current liability?

• A)Unavoidable obligation.
• B)Present obligation that entails settlement by probable future transfer or use of cash, goods, or services.
• C)Settlement is expected within the normal operating cycle, or within 12 months after the reporting date.
• D)Transaction or other event creating the liability has already occurred.

---

Definitions:

Tolman And Honzik

Scientists known for their research in cognitive maps and latent learning, demonstrating that rats could learn the layout of a maze without rewards.

Place Cells

Neurons in the hippocampus that respond when an animal or person enters a specific location in its physical environment.

Environment Knowledge

Information and understanding about one's surrounding area and the spatial relationships of locations in that environment.

Cognition

An understanding or knowledge of the structure of the psychological environment.