Business, 04.09.2019 01:10 marquez8

The key distinction between current liabilities and long-term liabilities is:
a. the amount of the obligation to be satisfied—large versus small
b. to whom the obligation is owed—those inside versus those outside of the company
c. the length of time until the obligation is expected to be satisfied—less than one year versus more than one year, or operating cycle if longer
d. the nature of the obligation—determinable amount versus estimated amount

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The key distinction between current liabilities and long-term liabilities is:
a. the amount...

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