Which of the following statements is true about current liabilities?

a$.$ Current liabilities are obligations payable within one year or within the

firm$$s operating cycle, whichever is longer

b$.$ Current liabilities are ordinarily recorded at maturity amounts rather than

present value

c$.$ Current liabilities as those expected to be satisfied with current assets or

by the creation of other current liabilities

d$.$ All of the above

LO$13-1$