Which of the Following Is True About a Firm's Current

question 96

Multiple Choice

Which of the following is true about a firm's current liabilities?

• A) They must equal its current assets.
• B) They do not have to be repaid on any specific date. Instead, repayment can be deferred as long as the firm is willing and able to make the required interest payments.
• C) They are what it owes to its shareholders.
• D) They are due in less than a year.

---

Definitions:

Noncommunicative

Unable or unwilling to exchange thoughts, ideas, or feelings with others through speech, writing, or other forms of expression.

Assessment Findings

The results gathered during a clinical evaluation of a patient, which inform diagnosis and treatment planning.

Labored Breathing

Breathing that requires more effort than normal, often a sign of respiratory distress or conditions affecting the lungs.

Restlessness

A condition of being unable to remain at rest, calm, or still, often leading to excessive movement or fidgeting.