Current Liabilities Are Cash and Other Resources That Are Expected

question 63

True/False

Current liabilities are cash and other resources that are expected to be sold, collected or used within one year or the company's operating cycle whichever is longer.

---

Definitions:

Constitution

A set of fundamental principles or established precedents according to which a state or other organization is governed.

Freedom Caucus

A congressional interest group consisting of conservative Republican members of the United States House of Representatives seeking to push the party's agenda towards more extreme positions.

Ideological Caucus

A meeting of members of a political party or movement to discuss policy preferences and select candidates that align with specific ideological views.

Congress

The United States' national law-making institution, composed of two chambers: the Senate and the House of Representatives.