Obligations due to be paid within one year or within the company's operating cycle,whichever is longer,are:
A)Current assets
B)Current liabilities
C)Earned revenues
D)Operating cycle liabilities
E)Bills

Question

Quizplus · Accepted Answer

Obligations due to be paid within one year or within the company's operating cycle, whichever is longer, are classified as current liabilities on the balance sheet. Current liabilities include accounts payable, short-term debt, taxes owed, and other obligations that are expected to be settled in the near term.

Obligations Due to Be Paid Within One Year or Within