Debts That Are Due to Be Paid Within One Year

question 61

Multiple Choice

Debts that are due to be paid within one year or within the company's operating cycle are called

• A) liquid liabilities.
• B) current liabilities.
• C) quick liabilities.
• D) deferred liabilities.
• E) long-term liabilities.

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Definitions:

Upton Sinclair

An American writer and reformer, best known for his novel "The Jungle" (1906), which exposed the harsh conditions of the meatpacking industry.

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