Obligations to be paid within one year or 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 that need to be paid within one year or the operating cycle, whichever is longer, are classified as current liabilities. This includes items such as accounts payable, salaries payable, and short-term loans.

Obligations to Be Paid Within One Year or the Company's