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:

Placental Development

The process by which the placenta forms and matures to support fetal development during pregnancy.

Smoking Cigarettes

The act of inhaling and exhaling the smoke produced by burning tobacco in rolled paper.

Micronutrients

Essential vitamins and minerals that organisms need in small quantities for proper health and development.

Teratogen

An agent or factor that can cause malformation of an embryo or fetus, leading to birth defects or pregnancy loss.