Why a current liability is a liability


Which is the following is a characteristic of current liability? A. A current liability is a liability due within 30 days B. A current liability is a liability that is due within 10 days C. A current liability is a liability that is due in longer than one-year period or one operating cycle D. A current liability is a liability that is due within one year or one operating cycle, whichever is longer

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Accounting Basics: Why a current liability is a liability
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