Liabilities That Will Be Due Within One Year or Less

question 86

True/False

Liabilities that will be due within one year or less and that are to be paid out of current assets are called current liabilities.

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Definitions:

Environmental Conditions

External factors that affect living organisms, including natural elements like climate and human-made changes.

Genes

Units of heredity made up of DNA that carry information for the development, functioning, and reproduction of organisms.

Active

Engaged in movement or participation; not passive.

Inactive

Not engaging in physical activity or not currently in operation.