Current Liabilities Are

question 27

Multiple Choice

Current liabilities are

• A) due and receivable within one year
• B) due and to be paid out of current assets within one year
• C) due, but not payable for more than one year
• D) payable if a possible subsequent event occurs

---

Definitions:

Transferability

The ability of an asset to be transferred or converted easily from one individual to another without affecting its value.

Human Capital

A collection of proficiencies, knowledge, or invisible assets owned by individuals that can be leveraged to bring about economic prosperity for themselves, their work environments, or their community.

Compensating Differential

A difference in wages that compensates workers for undesirable aspects of a job, such as hazardous working conditions or undesirable hours.

Labor Supplied

The sum of hours employees are ready and available to work for a specified pay rate.