What is a current liability? Why is it important to know the amount of current liabilities an

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What is a current liability? Why is it important to know the amount of current liabilities an entity has? Why is the distinction between current and non-current liabilities important for some stakeholders?

Stakeholders
A person, group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization's actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees,...
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