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A current liability is a debt that can reasonably be expected to be paid within one year out of currently recognized revenues. between 6 months

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A current liability is a debt that can reasonably be expected to be paid within one year out of currently recognized revenues. between 6 months and 18 months out of cash currently on hand. Question 2 4 pts Liabilities are classified on the balance sheet as current or unearned deferred accrued long-term

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