Question
A current liability is an obligation which is generally payable within one year from the balance sheet date or within the firm's operating cycle (whichever
A current liability is an obligation which is generally payable within one year from the balance sheet date or within the firm's operating cycle (whichever is longer).
True
False
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Principles Of Financial Accounting
Authors: Jerry J. Weygandt, Michael J. Atkins, Donald E. Kieso, Paul D. Kimmel, Valerie Ann Kinnear, Barbara Trenholm, Joan E. Barlow
1st Canadian Edition
1118757149, 978-1118757147
