Which of the Following Is a Characteristic of a Current

question 122

Multiple Choice

Which of the following is a characteristic of a current liability?

• A) A current liability is a liability that is due within 30 days.
• B) A current liability is a liability that is due within one year or one operating cycle, whichever is longer.
• C) A current liability is a liability that is due within 10 days.
• D) A current liability is a liability that is due in longer than a one-year period, or one operating cycle.

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