Ben Chase needs to pay off some of his debts over the next few months.Which item on his balance sheet would help him decide what amounts are due in the near future?

Question

Quizplus · Accepted Answer

The best choice would be Current liabilities because these are debts that are due in the near future (usually within a year). By looking at this item on his balance sheet, Ben Chase can determine which debts he needs to pay off first and how much money he will need to do so.

Ben Chase Needs to Pay Off Some of His Debts