Current liabilities are expected to be:
A)converted to cash within one year.
B)fulfilled within one year.
C)used in the business within one year.
D)acquired within one year.

Name: Current liabilities are expected to be: A)converted to cash within one year. B)fulfilled within one year. C)used in the business within one year. D)acquired within one year.
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Question

Quizplus · Accepted Answer

Current liabilities are debts and obligations that will be paid,settled,or fulfilled within 12 months of the balance sheet date.

Current Liabilities Are Expected to Be