The time period for classifying a liability as current is one year or the operating cycle, whichever

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The time period for classifying a liability as current is one year or the operating cycle, whichever is:

(a) longer.

(c) probable.

(b) shorter.

(d) possible.

AppendixLO2

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Accounting Tools For Business Decision Making

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Authors: Kimmel, Wetlands, Kieso

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The time period for classifying a liability as current is one year or the operating cycle, whichever

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