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Which of the following is an example of a current liability?

Practice Questions

1 question
Q1
Which of the following is an example of a current liability?
  1. Long-term debt
  2. Accounts Receivable
  3. Accounts Payable
  4. Property, Plant, and Equipment

Questions & Step-by-step Solutions

1 item
Q
Q: Which of the following is an example of a current liability?
Solution: Accounts Payable is a current liability as it represents obligations due within one year.
Steps: 0

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