Distinguish between current and long-term liabilities

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Reference no: EM131295465

Distinguish between current liabilities and? long-term liabilities.

A. Current liabilities consist of only accounts payable to vendors and suppliers that fall due within the coming year? (or within one operating? cycle, if longer than a? year). Long-term liabilities fall due beyond 1 year from the balance sheet? date, or beyond the operating cycle? (if longer than 1? year).

B. Current liabilities are obligations that fall due within the coming year? (or within one operating? cycle, if longer than a? year). Long-term liabilities fall due beyond 1 year from the balance sheet? date, or beyond the operating cycle? (if longer than 1? year).

C. Current liabilities are obligations that fall due within between 1 and 3 years.? Long-term liabilities fall due beyond 3 years from the balance sheet date.

D. Current liabilities consist of only bank loans that fall due within the coming year? (or within one operating? cycle, if longer than a? year). Long-term liabilities are only bank loans that fall due beyond 1 year from the balance sheet? date, or beyond the operating cycle? (if longer than 1? year).

Reference no: EM131295465

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