What is a current liability and non-current liability

Question 1. What is a current liability? What is a non-current liability? What is the difference between the two types of liabilities? In which financial statement would you find these liabilities?

Question 2. What are the types of equity accounts? What is the role of equity accounts in raising capital?

Question 3. What are the several different types of bonds available to us?

Question 4. What are the characteristics of a corporation?

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Finance Basics: What is a current liability and non-current liability
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