Current liabilities are defined as those liabilities which will be satisfied
A) within one year or within the operating cycle, whichever is shorter.
B) by the end of the operating cycle.
C) within one year.
D) within one year or within the operating cycle, whichever is longer.

Question

Quizplus · Accepted Answer

Current liabilities are obligations expected to be settled within one year or the operating cycle, whichever is longer, to ensure all short-term obligations are covered.

Current Liabilities Are Defined as Those Liabilities Which Will Be