Current liabilities are due
A) but not receivable for more than one year
B) but not payable for more than one year
C) and receivable within one year
D) and payable within one year

Question

Quizplus · Accepted Answer

Current liabilities are those that are due and payable within one year or the company's operating cycle, whichever is longer. Option D is the only choice that accurately reflects this definition.

Current Liabilities Are Due