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Current liabilities are all obligations that require, within the coming year or current operating cycle, whichever is longer: a.the use of existing current assets. b.either

Current liabilities are all obligations that require, within the coming year or current operating cycle, whichever is longer:

a.the use of existing current assets.

b.either the use of existing current assets, such as cash or the creation of other current liabilities

c.the payment of cash.

d.the creations of other current liabilities.

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