Which of the following is characteristic of current liabilities?

Question

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Current liabilities are the denominator in the formula for the current ratio, which measures a company's ability to pay its short-term obligations with its current assets. Current liabilities are typically listed in order of maturity in the current liability section of a classified balance sheet, not in order of decreasing amounts. The amount of current liabilities is important in assessing a company's liquidity. The current liability section may contain portions of long-term liabilities that are due within the next year, such as the current portion of long-term debt.

Which of the Following Is Characteristic of Current Liabilities