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.