Question on: SS1 Accounting - Identification of Types of Assets And Liabilities
What are current liabilities?
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A
Short-term debts that a company owes and must pay within a year
B
Debts that a company owes and must pay back over a period of more than one year
C
Liabilities that may arise in the future, depending on the outcome of certain events
D
Liabilities that represent the capital that a company has raised from investors
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Correct Option: A
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