Select all responses that are correct concerning current liabilities. They are reported as the first grouping in the liabilities and stockholders' equity section. They include current maturities of long-term obligations (payments to be made within a year of the balance sheet date on long-term obligations). They are obligations that the company is to pay within the next year or operating cycle, whichever is shorter. They are obligations that the company is to pay within the next year or operating cycle, whichever is longer. They have no physical substance