Included among current liabilities on a classified statement of financial position would be:
A) cash.
B) property, plant and equipment.
C) deferred tax assets.
D) short-term borrowings.

Question

Quizplus · Accepted Answer

Short term borrowings are debts that are due to be settled within 12 months and are included as current liabilities in a classified statement of financial position.

Included Among Current Liabilities on a Classified Statement of Financial