What is the most common classification regarding liabilities?
A) Source
B) Longevity
C) Liquidity
D) Nature

Name: What is the most common classification regarding liabilities? A) Source B) Longevity C) Liquidity D) Nature
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Question

Quizplus · Accepted Answer

Liabilities are most commonly classified based on their longevity, meaning the duration over which they are due. This typically divides liabilities into short-term (or current) liabilities, which are due within one year, and long-term liabilities, which are due after one year.

What Is the Most Common Classification Regarding Liabilities