Current liabilities can be defined as: O debts and obligations that are to be paid within a year. stocks and bonds that a business may hold in the hope that they would provide a greater return to the business rather than just letting cash "sit" in a bank account. O the amount of money due to a business from prior credit sales. formal debts that will be paid to the company within a year. O tangible goods held by a business for the production of goods and services