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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Definitions:

Multinational Company

A corporation that operates in several countries beyond its original country of incorporation, often having a global presence.

College Student Activism

The involvement of college and university students in campaigns and movements aimed at bringing about social, political, or environmental change.

Corporate Codes

Sets of principles and ethics that a company agrees to follow, often relating to social responsibility, environmental policies, and employee relations.

Adopting

The act or process of choosing or accepting something new, such as ideas, technologies, behaviors, or practices, and integrating them into use or practice.