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.

---

Definitions:

Foundation

An underlying basis or principle for something, or an organization established to support charitable, educational, or other purposes.

Charitable Goals

Objectives aimed at providing aid or support to those in need, often pursued by non-profit organizations or philanthropic initiatives.

For-Profit Organization

A business or other organization whose primary goal is to generate income for its owners or shareholders.

Dambisa Moyo

An international economist and author known for her works analyzing macroeconomic issues and global affairs.