Asked by Kiara Venegas on May 17, 2024

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Debts listed as current liabilities are those 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

Current Liabilities

Short-term financial obligations that are due within one year or within a company's operating cycle, whichever is longer.

  • Separate current assets, permanent assets, immediate liabilities, and enduring liabilities on the financial balance sheet.
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Verified Answer

BA
bhavey ahujaMay 18, 2024
Final Answer :
A
Explanation :
Current liabilities are debts that are due to be paid within the next year.