Current liabilities differ from long-term liabilities based on:
A)the amount owed.
B)the financial situation of the creditor.
C)the interest rate charged.
D)when the debt is due.
E)current economic conditions.

Question

Quizplus · Accepted Answer

Current liabilities are distinguished from long-term liabilities primarily by their due date, with current liabilities being due within one year and long-term liabilities due after one year.

Current Liabilities Differ from Long-Term Liabilities Based On