A Current Liability Is a Debt That Is Reasonably Expected

question 55

Multiple Choice

A current liability is a debt that is reasonably expected to be paid

• A) between 6 months and 18 months.
• B) out of currently recognized revenues.
• C) within one year.
• D) out of cash currently on hand.

---

Definitions:

Msconfig

A system configuration utility command that allows an administrator to enable or disable services, access control panel links, and control applications.

Boot

The process of a computer coming to a usable condition.

Redundancy Plan

A strategy or process designed to ensure systems or processes remain functional in the case of failure or unavailability of certain components.

Backout Plan

A strategy or plan that details the steps to revert changes made during a project or update, in case the implementation fails or causes issues.