Obligations due to be paid within one year or the company's operating cycle, whichever is longer, are:
A) Current assets.
B) Current liabilities.
C) Earned revenues.
D) Operating cycle liabilities.
E) Bills.

Question

Quizplus · Accepted Answer

Obligations due to be paid within one year or the company's operating cycle, whichever is longer, are considered current liabilities. This includes short-term loans, accounts payable, and accruals that need to be fulfilled within the next 12 months.

Obligations Due to Be Paid Within One Year or the Company's