Which of the Following Are Debts That Are to Be

question 76

Multiple Choice

Which of the following are debts that are to be paid within 12 months?

• A) current assets
• B) fixed assets
• C) current liabilities
• D) fixed liabilities

---

Definitions:

Security

A financial instrument designated as a note, stock, or bond or any other instrument named in the Securities Act of 1933.

Permanent Resident

An individual who has been granted the right to live permanently in a country other than their native country, but is not a citizen of that country.

Registration Process

The procedure of officially recording something or someone's details on an official list.

Imprisonment

The act of confining someone in a prison or similar facility as punishment for committing a crime.