current liabilities are a.payable if a possible subsequent event occurs b.due, but not payable for more than 1 year c.due and to be paid out of current assets within 1 year d.due and receivable within 1 year

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01-12-2022
Business

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current liabilities are a.payable if a possible subsequent event occurs b.due, but not payable for more than 1 year c.due and to be paid out of current assets within 1 year d.due and receivable within 1 year

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contexto1019 contexto1019 · Answer 1 · 2022-12-06T03:35:31-05:00

Current liabilities are due and to be paid out of current assets within one year.

Current liabilities are the financial obligations that a business has to pay within one year and they can include short-term debt, dividends payable and accounts payable. These obligations are usually paid using current assets. So, according to this, the answer is that current liabilities are due and to be paid out of current assets within one year.

A current liability is a debt that the business expects to settle immediately utilizing resources listed on its current balance sheet. Accounts payable, salaries, taxes, and deferred income are examples of common current obligations (services or products yet to be delivered but for which money has already been received).

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