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

Question

Quizplus · Accepted Answer

Current liabilities are obligations that are expected to be paid within one year or the operating cycle, whichever is longer. Examples of current liabilities include accounts payable, salaries and wages payable, and taxes payable.

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