What Is the Difference Between Current and Non-Current Liabilities

question 16

Multiple Choice

What is the difference between current and non-current liabilities?

• A) current liabilities are due to be paid within a year, while non-current liabilities are dure more than a year into the future
• B) current liabilities arose within the past year, while non-current liabilities arose more than a year ago
• C) current liabilities are known to exist right now, while non-current liabilities will not be known until some time in the future
• D) current liabilities are payable on specific due dates, while non-current liabilities can be repaid at any