All of the Following Statements About Current Liabilities Are True

question 35

Multiple Choice

All of the following statements about current liabilities are true except

• A)current liabilities are obligations that will be satisfied within one year.
• B)current liabilities are normally recorded at face value.
• C)the Current Liabilities section never contains any portion of long-term liabilities.
• D)current liabilities finance the working capital of the company.

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Definitions:

Achievement of Objectives

The successful fulfillment or reaching of predetermined goals.

Stakeholder Responsibility

The obligation of an organization to act in the best interests of its various stakeholders, including employees, customers, investors, and the community, ensuring ethical and sustainable practices.

Triple Bottom Line

The recognition of the need for organizations to improve the state of people, the planet, and profit simultaneously if they are to achieve sustainable, long-term growth.

Sustainable Growth

Refers to an achievable growth rate that a company or economy can maintain without running into problems.