This kind of assets.. 5.The kind of debts which areneeded to be repaid in a shortterm is known as?A. Fixed LiabilitiesB. Current LiabilitiesC. Depreciating AssetsD. Intangible Assets

The correct answer is:B. Current LiabilitiesCurrent liabilities are debts or obligations that a…

Answered: 5.The kind of debts which are needed to…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter1: Accounting And The Financial Statements

Section: Chapter Questions

Problem 13DQ: Define current assets and current liabilities. Why are current assets and current liabilities...

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Similar questions

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Which of the following is the correct formula for calculating rate of return on total assets? A. (Net income minus− Interest expense) / Average total asset B. Total equity / Total assets C. (Net income + Interest expense) / Average total assets D. (Net income minus− Interest expense) / Total assets
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5.The kind of debts which are needed to be repaid in a short term is known as? A. Fixed Liabilities B. Current Liabilities C. Depreciating Assets D. Intangible Assets