Current liabilities are
A)not receivable for more than one year.
B)not payable for more than two years.
C)receivable within one year.
D)payable within one year.

Question

Quizplus · Accepted Answer

Current liabilities are debts or obligations that are expected to be settled within one year or within the normal operating cycle of a business, whichever is longer. Therefore, choice D, payable within one year, is the correct answer.

Current Liabilities Are