Types of Liabilities Video Lessons

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Problem: Which of the following is true about current liabilities? a. They are also called short-term liabilities b. They are obligations due within a year or the company’s operating cycle, whichever is longer. c. They are expected to be paid with current assets or by creating other liabilities. d. All of the above. e. None of the above

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Which of the following is true about current liabilities?

a. They are also called short-term liabilities

b. They are obligations due within a year or the company’s operating cycle, whichever is longer.

c. They are expected to be paid with current assets or by creating other liabilities.

d. All of the above.

e. None of the above

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