Borrowing from creditors is divided into current and long-term liabilities.

Name: Borrowing from creditors is divided into current and long-term liabilities.
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Quizplus · Accepted Answer

This statement is true. Current liabilities are debts that are due within one year or less, while long-term liabilities are debts that are due in more than one year. Borrowing from creditors can be in the form of both current and long-term liabilities.

Borrowing from Creditors Is Divided into Current and Long-Term Liabilities