A company failed to recognize an accrued liability. As a result, the current ratio is:
A) understated because the denominator is overstated.
B) understated because the denominator is understated.
C) overstated because the denominator is understated.
D) overstated because the denominator is overstated.
Correct Answer:
Verified
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Q32: Current liabilities are obligations due within:
A)one month
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