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Compute what a current liability is

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Reference no: EM132642299

Question 1: A current liability is:

Select one:

a. a liability expected to be paid within one year of the reporting date.
b. a liability expected to be paid beyond one year of the reporting date.
c. a liability expected to be paid within six months of the reporting date.
d. a liability arising from past events that will be confirmed by the occurrence of future events.

Reference no: EM132642299

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