MCQ Which of the following statements is true? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. Current liabilities have a due date within one year or operating cycle. b If any part of an outstanding debt is to be paid in the next year, the entire amount of the debt should be classified as a current liability. A liability, to be reported on the statement of financial position, must have a fixed, known amount to be paid in the future. d Interest expense on a note payable is only recorded at maturity