1. Which of the following statements are true? 3. Current liabilities have implications for a company's cash flow requirements in the year following the statement date. 2. Short-term needs should be financed with long-term liabilities to maximize cash flow. Notes payable involve bills and invoices. 4. Current portion of long-term debt is the amount of principal on long-term debt that is due within the 12 months after the statement date. O 1, 2, and 4 O1 and 3 O1 and 4 O 2,3, and 4

Which of the following statements are true? 1 Current liabilities have implications for a company's cash flow requirements in the year followng the statement date. 2. Shart-term needs should be financied with long-term liabilites to maximize cash flow. 3. Notes parable irvolve bils and invoices. 4. Current pottion of long term debt is the amount of principal on long, term debt that is due within the 12 months after 1,2 , and 4 1 and 3 1 and 4 2,3 , and 4