Current liabilities are:
A) used to evaluate how effectively managers use their investments
B) debts that are expected to be paid in less than one year
C) monies due to the retailer from selling merchandise
D) one way to evaluate owner's equity
E) net sales minus cost of goods sold

Question

Quizplus · Accepted Answer

Current liabilities are debts or obligations that a company expects to settle within one year, such as accounts payable, short-term loans, and other similar financial obligations.

Current Liabilities Are