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Business
Accounting
Which of the following is a characteristic of a current liability but not a non- 1 pc current liability? O Unavoidable obligation. Present obligation that entails settlement by probable future transfer or use of cash, goods, or services. Settlement is expected within the normal operating cycle, or within 12 months after the reporting date. O Transaction or other event creating the liability has already OGGurred

Which of the following is a characteristic of a current liability but not a non- 1 pc current liability? O Unavoidable obligation. Present obligation that entails settlement by probable future transfer or use of cash, goods, or services. Settlement is expected within the normal operating cycle, or within 12 months after the reporting date. O Transaction or other event creating the liability has already OGGurred

FINANCIAL ACCOUNTING
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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AавьСс нав Ааl I Normal 1 No Spaci. Heading 1 Heading 2 Title Su Paragraph Styles Font Clear selection Which of the following is a characteristic of a current liability but not a non- 1 poim current liability? O Unavoidable obligation. Present obligation that entails settlement by probable future transfer or use of cash, goods, or services. Settlement is expected within the normal operating cycle, or within 12 months after the reporting date. O Transaction or other event creating the liability has already occurred. Clear selectio
Transcribed Image Text:AавьСс нав Ааl I Normal 1 No Spaci. Heading 1 Heading 2 Title Su Paragraph Styles Font Clear selection Which of the following is a characteristic of a current liability but not a non- 1 poim current liability? O Unavoidable obligation. Present obligation that entails settlement by probable future transfer or use of cash, goods, or services. Settlement is expected within the normal operating cycle, or within 12 months after the reporting date. O Transaction or other event creating the liability has already occurred. Clear selectio
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