A current liability is a short-term obligation that

Are you having trouble answering the question “A current liability is a short-term obligation that”? If that’s the case, you don’t need to worry anymore. Azanswer has brought you the correct answer to your question.

A current liability is a short-term obligation that

A) will be paid within the current operating cycle.
B) will be paid within one year of the balance sheet date.
C) will be paid in the longer of periods (A) and (B).
D) does not affect liquidity.

Answer: C

We hope you have got the correct answer to your question “A current liability is a short-term obligation that”, which was part of Accounting MCQs & Answers. Thanks for choosing us.

Leave a Reply 0

Your email address will not be published. Required fields are marked *