Question
what is the difference between a current and a long-term payable? a. a current payable is one that will be paid or the service will
what is the difference between a current and a long-term payable?
a. a current payable is one that will be paid or the service will be provided no longer than 30 days from the date of the balance sheet. All other payables are long-term
b. a current payable is one that will be paid or the service will be provided no longer than 90 days from the date of the balance sheet. All other payables are long-term
c. a current payable is one that will be paid or the service will be provided no longer than one year from the date of the balance sheet. All other payables are long-term
d. a current payable is one that will be paid or the service will be provided within the current operating cycle of the business or within one year of the balance sheet date, whichever is longer. All other payables are long-term
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