Current liabilities are those liabilities that
A) will be paid in less than one year
B) are due to be paid in 5 to 10 years
C) are due to be paid in more than one year
D) are owed to the stockholders and will never be paid

Question

Quizplus · Accepted Answer

Current liabilities are those that are due to be paid in less than one year. Examples of current liabilities include accounts payable, short-term debt, and accrued expenses.

Current Liabilities Are Those Liabilities That