Debts listed as current liabilities are those thata. are due to be paid in more than one yearb. will be paid in less than one yearC. are owed to the stockholders and will never be paidd. are due to be paid in 5 to 10 years

The debt can be distinguished as current or non current liability.

Debts listed as current liabilities are those that a. are due to be paid in more than one year Ob. will be paid in less than one year C. are owed to the stockholders and will never be paid d. are due to be paid in 5 to 10 years

Debts listed as current liabilities are those that a. are due to be paid in more than one year Ob. will be paid in less than one year C. are owed to the stockholders and will never be paid d. are due to be paid in 5 to 10 years

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Debts listed as current liabilities are those that
a. are due to be paid in more than one year
b. will be paid in less than one year
C. are owed to the stockholders and will never be paid
d. are due to be paid in 5 to 10 years

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