A(n) _____ is an example of a current liability.
A) auto loan
B) credit card balance
C) mortgage
D) education loan
E) furniture loan

Name: A(n) _____ is an example of a current liability. A) auto loan B) credit card balance C) mortgage D) education loan E) furniture loan
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Question

A(n) _____  is an example of a current liability.
A) auto loan
B) credit card balance
C) mortgage
D) education loan
E) furniture loan

Quizplus · Accepted Answer

A credit card balance is a current liability because it is an amount owed that is expected to be paid within a year. Auto loans, mortgages, education loans, and furniture loans are typically long-term liabilities.

A(n) _____ Is an Example of a Current Liability