The debts that Rhonda's company will repay within the next ______________ are considered to be current debt.
A)2 years
B)6 months
C)1 quarter
D)12 months

Question

Quizplus · Accepted Answer

Current debt refers to debts that are expected to be fully repaid within the next 12 months. Therefore, option D (12 months) is the best choice as it matches the definition of current debt. Options A (2 years), B (6 months), and C (1 quarter) do not match the definition of current debt.

The Debts That Rhonda's Company Will Repay Within the Next