Current liabilities are due:
A)but not receivable for more than one year or the current operating cycle,whichever is longer.
B)but not payable for more than one year or the current operating cycle,whichever is longer.
C)and receivable within the current operating cycle or one year,whichever is longer.
D)and payable within the current operating cycle or one year,whichever is longer.

Question

Quizplus · Accepted Answer

Current liabilities are defined as short-term obligations that will be paid or fulfilled within the company's current operating cycle or within one year of the balance sheet date,whichever is longer.

Current Liabilities Are Due