Current liabilities are due:
A)but not receivable for more than the current operating cycle or more than one year,whichever is longer.
B)but not payable for more than the current operating cycle or one year,whichever is longer.
C)and receivable within the current operating cycle or one year,whichever is longer.
D)and payable within the current operating cycle or one year,whichever is longer.

Question

Quizplus · Accepted Answer

Current liabilities are liabilities that are due and payable within the current operating cycle or one year, whichever is longer.

Current Liabilities Are Due